After days of stability between $ 6,400 and $ 6,700, the start-up eventually started at $ 7000. Bitcoin's movements point to a significant recovery in prices, with total market capitalization rising to $ 225 billion.
Bitcoin broke the resistance level at $ 6700
Bitcoin rose by more than $ 200 on Tuesday, 28 August 2018, reaching $ 6,916 as of 7 am UTC. The sharp rises occurred at 12:00 UTC, with Bitcoin rising from $ 6,766 to more than $ 6,900 in 35 minutes. Currently, Bitcoin is worth $ 6,935 , up 3% over the last 24 hours.
Bitcoin, the world's digital currency, is currently at its highest price since 7 August. That was before the start of a series of declines that led to most of the gains accumulated last July in the wind. Apart from the fabrication, the rest of the digital currencies seem to perform well as well. The price of both etherium and ripple rose significantly. But MIOTA is the best performing currency among the top 10 currencies, rising more than 15% in the last 24 hours. This may be attributed to the news of its new partnership with Japanese giant Fujitsu.
For currencies outside the top 10, the Neo currency rose 9%, VeChain rose 13%, and Dash's 21%. With more than 80% of the top 100 currencies gaining positive gains in the last 24 hours, looking like a positive start to the week.
Bitcoin may record a new value in 2018
A few days ago, Tom Lee "CEO of Fundstrat" predicted that Bitcoin might end 2018 with new price hikes. Speaking to CNBC, Lee highlighted the relationship between hedge fund investments, emerging markets, and Bitcoin's currency. According to Lee,
Indicators point to a significant increase in prices for the Bitcoin currency.
Tom Lee predicted at the beginning of the year that Bitcoin would end 2018 with at least $ 25,000. Commenting on the fate of the Bitcoin price, Lee said he expected Bitcoin to finish at much higher levels. Does the current price increase point to a significant recovery in the Coinmarketcap. ?