It has been a pretty interesting weekend for the Bitcoin price. So far, the momentum is still in favor of the world’s leading cryptocurrency. With the Bitcoin price surpassing $7,000 for the first time in a while, things are looking pretty good. Right now, the Bitcoin price sits at $7,115, but it is possible we may continue to go up a little bit more. The cryptocurrency ecosystem is recovering as we speak, as none of the important altcoins are dropping in value either.
BITCOIN PRICE BREACHES $7,000 AGAIN
With so many conflicting opinions on what Bitcoin should be and how things need to evolve, it is almost a miracle the price never dipped to $5,000 over the past week. Although we have seen the Bitcoin price dip below $6,000 on two separate occasions, it seems any of the damage being done in the process has successfully been undone. There is still a very long way to go before anyone can even think of seeing a new all-time high for Bitcoin, though.
Right now, the Bitcoin price has climbed above $7,000 for the first time in four and a half days. There has been a lot of competition from Bitcoin Cash last week, but it seems people are flocking to Bitcoin once again. Both ecosystems will continue to co-exist, but any chance of seeing BCH become the new Bitcoin need to be abandoned for the foreseeable future. Both of these currencies can easily co-exist without trying to directly compete with one another in terms of branding, though.