The reason why we are talking about Bitcoin is that according to the reports from Coindesk, the price of Bitcoin jumped to $8,101 at around 20:00 UTC on Sunday. Right now the price of Bitcoin is trading a little below $8,000. Well, the price of Bitcoin has seen a massive growth this year. The price has risen more than 700% this year. Right now the current market share of Bitcoin is about 56% which is followed by Ethereum’s 14.5% share. The price of this well-known cryptocurrency has increased 700% since the beginning of the year. These were the levels, as TechCrunch recalls:-
May 20: US $ 2000 August 4: US $ 3000 August 12: US $ 4000 October 12: US $ 5000 October 20: US $ 6000 November 2: US $ 7000
Well, Cryptocurrencies are extremely volatile, so these reports are risky and exaggerated. Cryptocurrencies are no stranger to fluctuations in prices. So, what do you think about this? Share your views and thoughts in the comment section below.
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