The rise in the Bitcoin price, had a good quick start during February, with over $3,400 per bitcoin. Also adding 11% over the month raising to $3800. The price was hindering around $4,000 per Bitcoin, but unfortunately could not exceed the value to a greater level.
Since September, the Bitcoin price has seen drastic changes every month. During November, due to a developer civil war that threatened to breakdown Bitcoin cash, Bitcoin saw a heavy blow.
Taking into account the last few weeks, most of the crypto influencers are making bold predictions on how high the Bitcoin price can go. Also expect that the bitter crypto winter may come to an end.
Recent Bitcoin Updates
Recently, this week, Swiss banks, Julius Bar, made an announcement that it will soon begin to offer a wide range of digital assets to its clients. Also earlier this week, NASDAQ added two new digital currency price indices for Bitcoin and Ethereum.
A senior market analyst at the brokerage eToro Mati Greenspan noted its clients saying,
“The last eight months is already being dubbed the ‘crypto winter’ and while prices were falling, it was understandable that the large incumbent financial institutions had shelved some of their crypto projects. Now that the market is showing signs that spring is coming, those plans are back on the table. After all, they wouldn’t want to miss out on the next bull run.”
During December 2017, Bitcoin saw its last bull run. Where the price during the start of the year exploded from $1,000 per Bitcoin to $20,000 by the end of the year. Hence, resulting in the loss of about 80% of its value.
Greenspan also hints on trading and investing various currencies like bitcoin, ethereum and other crypto assets. Adding to which he also said,
“It looks likely that, within the next few months, every portfolio manager in the world will have easy access to trade on and invest in bitcoin, ethereum, and other crypto-assets.
Most of the Bitcoin traders and investors are currently showing their interest towards things like the Bakkt Bitcoin Platform and the U.S. Bitcoin Exchange-Traded Fund (ETF) to boost the price. Although, these expectations were lately dampened as the U.S. Securities and Exchange Commission frets over the price manipulation.
The Bakkt Bitcoin platform, developed with the New York Stock Exchange owner Intercontinental Exchange along with partnership with Starbucks and PC giant Microsoft, plan to offer Bitcoin futures trading within first quarter of this year. Also aims to open bitcoin and other cryptocurrencies to a wider retail market.
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