Home » Bitcoin Price Skyrocketed Above $10K for First Time in 15 Months

Bitcoin Price Skyrocketed Above $10K for First Time in 15 Months

Bitcoin’s price has skyrocketed above $10,000 for the first time in 15 months. At the time of publication, the cryptocurrency by market capitalization is trading at $10,805 – the highest level since March 8, 2018. On a 24-hour basis, BTC is outshining most top 10 cryptocurrencies with 7 percent gains.
news - Bitcoin Price Skyrocketed Above $10K for First Time in 15 Months

Bitcoin’s price has skyrocketed above $10,000 for the first time in 15 months.  

At the time of publication, the cryptocurrency by market capitalization is trading at $10,805 – the highest level since March 8, 2018.  On a 24-hour basis, BTC is outshining most top 10 cryptocurrencies with 7 percent gains.

Spike in the BTC price is supplemented by a 12 percent jump in trading volumes. According to CoinMarketCap, $21 billion worth of bitcoins have traded across cryptocurrency exchanges in the last 24 hours. 

With the move above $10,000, bitcoin has erased more than 40 percent of the sell-off seen in twelve months to December 2018.  Further, prices look set to end the second quarter with triple-digit gains. 

While bitcoin’s long-term prospects look bright, the cryptocurrency may see a pullback in the short-term. After all, prices have rallied more than 140 percent in the last 2.5-months and bulls usually take a breather following such stellar gains.

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