OctaFX | OctaFX Forex Broker
Open trading account
Back

Bitcoin finally conquers $ 10000 for the first time ever

  • Bitcoin surpasses $ 10k, fresh record highs.
  • Bitcoin nears market capitalization of $ 200 billion.

Bitcoin (BTC/USD), the largest cryptocurrency, extends its week-long bullish streak and finally conquered the 10k mark in the majority of the exchanges in the Asian trades.  As of writing, the pair was trading at $ 10.026, flirting with the record highs of $ 10,040, up 1.25% on the day.

The most dominant digital currency witnessed a parabolic rise from 6 cents seven years ago and less than $1,000 at the start of this year. Markets believe there is more upside in stored and Bitcoin could rise further to $ 40000 levels in the next year. Novogratz, formerly a macro hedge fund manager at Fortress Investment Group, noted: Bitcoin could be at $40,000 at the end of 2018. It easily could. Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well."

The total market capitalization of all digital coins on CoinMarketCap increased to $316.32 billion in the last 24 hours. Meanwhile, Bitcoin’s market capitalization alone stands at $ 170.41 billion, up +4.38% since yesterday.

Ethereum, Bitcoin’s rival, consolidates in a tight range around $ 470, little affected by Bitcoin’s latest upsurge to record highs.

Trump Tweets - After NKorea missile launch, Dems shouldn't hold troop funding

The latest tweet from US President Donald Trump reads - "After North Korea missile launch, it's more important than ever to fund our gov't & military!
Read more Previous

S. Korea’s Moon: Important to manage crisis so there is no US pre-emptive strike

Reuters reported comments from the South Korean President Moon delivered earlier today, in response to the latest North Korea ICBM test. Key Headline
Read more Next
Start livechat