Bitcoin price has crossed a massive distance of more the $10,324 account to coinmarketcap. For the first time Bitcoin value is recovered after the month of November. Remember, in November bitcoin price reached over $19,000. It was a golden era for Bitcoin and all cryptocurrencies price reached at its peak. Marketcap was at that time around $830 billion.
Bitcoin also got fame with the name of Gold 2.0 for making future. That all went opposite when the FUD and a lot of bad news pushed back the bitcoin price. Unfortunately, the bitcoin price dropped below 65 percent. Bitcoin has 35 percent dominance there the bitcoin price effected all crypto and in same way due these FUD, all alt coins fell down.
Rapid bitcoin price increment seen on Tuesday after the news of European Central Bank that not to ban cryptocurrency. Positive news from different resources causing good progress. FUD arrival not over here, some regulation formation and implantation is being planned from different countries. Yesterday it was announced that Abu Dhabi is working on Cryptocurrency and ICO regulations. In today news, two crypto currency company are also planning to initiate a regulations to make crypto safe and avoid any hack like coincheck of $530 million.
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This is a good sign that few companies are working for the bright future of bitcoin. Now moving to the topic, bitcoin dominance increased from 34% to 35%, that means great amount of money supported bitcoin. Demand increased that resulted price increase and all alt coin price. However yesterday altcoin price shows green in USD and red in btc price, coin own price not increased. Experts says that this is just for short term and will be back at certain price around $9300. After that all coins like Ethereum, ripple xrp, bitcoin cash, Cardano will start to increase and they will also get stable position.
Bitcoin Price & Alt Coin
Bitcoin price will cross $10,000 again will be stable more then this limit.This is the point in which bitcoin will bring all coins upward. This up and down move will continue till February end and march will be unpredictable due G20 conference. At G20 Summit conference few financial official from different nations are invited at one table to make regulation. Big or bad news not expected from this conference which resulted market plunge.
Right after conference market expected to rise again. Ethereum and Ripple growth are pushing bitcoin price back. Today Western Union officially announced trail of money transfer on ripple blockchain technology. This is a 4th big news from ripple platform this year. Big news awaiting the bitcoin price boom. Bitcoin price boom means all alt coins price boom.
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