Bitcoin is on track for reversing its 2018 bear market metrics as its price continues to gain above $11,000.
Bitcoin Price News
Bitcoin price establishing is an interesting phenomenon and widely differs from the way the price of ordinary money is set. First of all, despite popular belief, Bitcoin does have a cost price. It is set as a combination of expenses on electricity, transaction fees and the installation/purchase of software. However, the price of Bitcoin is not determined by its cost price and is mostly estimated by consumer demand. It causes huge fluctuations in the price of Bitcoin, as Bitcoin has no backing, and traders are largely dependent on the news of Bitcoin’s price, multiplying volatility of the asset. As Bitcoin’s market cap is nearly $159 billion, the price of Bitcoin became an important economical factor, gathering attention from financial institutions of various kinds and stimulated the research of behavioral factors that influence the price of Bitcoin and working on ways of predicting its changes.
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The Mayer Multiple calculates that by the time of the 2020 block reward halving, BTC/USD should have reached $30,500.
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A rollercoaster weekend trading session saw BTC/USD retake levels not seen since March 2018.
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by Allen Scott
As Bitcoin’s price soared past the key $10K, the main factors driving the rally this time around are much different than they were in late 2017.
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Most of the top 20 cryptocurrencies are reporting moderate gains on the day as Bitcoin breaks $11,100 and ETH hits ten-month high.
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Bitcoin is exciting investors after BTC price is up almost 30% in a month and now just $200 of a key psychological barrier.
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Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin breaks $9,300.
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by Helen Partz
The majority of the top 20 coins are trading sideways, while litecoin is seeing the biggest gains, following a crypto debit card announcement.
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Most of the top 20 cryptocurrencies are reporting moderate gains on the day as bitcoin breaks $9,300.
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The 20 cryptocurrencies are reporting moderate growth on the day as bitcoin crossed the $9,200 mark.
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Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin crossed the $8,400 mark for the second time today.
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Most of the top 20 cryptocurrencies are reporting moderate gains on the day as bitcoin approaches $8,000.
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