Bitcoin, world’s most widespread cryptocurrency, has jumped above $11,000 for the first time in 15 months. The cryptocurrency has now risen 12% over the past 24 hours!
Bitcoin (BTC) has crossed the $11,000 mark for the first time since March 2018! The cryptocurrency broke through the 10,000 mark in the early hours of this morning and is now trading above $11,000 on several exchanges, according to figures from TradingView.
With Bitcoin surging past $10,000 for the first time in over a year, many analyst are seeing a new wave of optimism about the value and future of digital currencies. The leading cryptocurrency had surged past the $10,000 mark less than 24 hours ago and appears not to be slowing down.
Yesterday, on June 21, professional trader Peter Brandt tweeted that bitcoin’s price is currently taking aim at $100,000 target:
“Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.”
Bitcoin has now retraced more than half of its historic increase. As per cryptocurrency experts, there is a renewed mainstream interest in cryptocurrencies and the underlying blockchain technology that has pushed the market in an upward trend after Facebook launched its digital currency Libra on Tuesday.