centralized blockchain

The value of the world’s most valuable cryptocurrency by market capitalization beat its own high price and then quickly shot down in value this week. The price of the coin managed to drop as low as under $9,000.

with all the swings in pricing and new highs that the coin has reached, there has been a large amount of media attention that has driven a large amount of investors into the space who otherwise would not have gotten involved in crypto.


Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747


The current value of the currency is around $10,485 at press time according to the largest coin exchange known as Coinbase. This puts it slightly below its all time high and could mean that the coin has stabilized from all the growth and now has room to grow at a slower pace as the next week comes and the end of the year presents itself.

Over last week alone, the value of the coin is up over 25%, which is almost unheard of in most investment markets and vehicles. Looking at the yearly data, bitcoin is up almost 1,280% since last year. The currency is however, notoriously incredibly volatile. This means that investors could become slightly wary to invest knowing that the price could swing at any moment. Many are expecting the price to continue to fluctuate and incredible rights as it already has.


Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747


The spectacular rise has been quite good for the reputation as all the news coverage involving the currency has brought more of a sense of legitimacy to the currency. The market on bitcoin and cryptocurrency has been noted as notoriously sketchy given the history of the coin. At the beginning of bitcoins life, it was used mostly for black market purchases, but more and more are discovering the high amount of investment potential associated with the currency as time goes on.

LEAVE A REPLY

Please enter your comment!
Please enter your name here