This summer is going to be hot for the cryptocurrencies market. Bitcoin demonstrates wonders of climbing, rapidly conquering the peaks one by one. It hit a one year high lately.
In general, the pioneer of the crypto industry took an excellent start this spring, developing a tense rally. Since the beginning of the year, the currency has advanced by more than 140%.
The capitalization of the entire crypto market was rising together with the bitcoin exchange rate growth, data from CoinMarketCap said. This indicator exceeded 272 billion dollars similar to the levels of June last year. The trading volume also grew up reaching 89 billion dollars in 24 hours. So, appetite for bitcoin increased again. The hike in the cost of bitcoin influenced other cryptocurrencies which rushed to follow it. The dynamics there are certainly much weaker. Other popular currencies from the so-called top ten have gained from 4 to 8 percent. It is still premature to speak about overcoming the peak point of 20,000 dollars, but the possibility of passing an important psychological benchmark of 10,000 dollars is very high.
Growing popularity of blockchain technology is the main cause of such a rapid rally as experts say. In October, 2018 NTC presented a blockchain-mobile Exodus 1. It is possible to buy the mobile for bitcoins and ethers. Facebook plans to launch its own cryptocurrency in the first quarter of 2020. So now that bitcoin’s funeral is canceled, long live bitcoin!