Bitcoin above $ 9,000. The first coin is finally growing!
The first cryptocurrency does not cease to amaze, literally today breaking the next milestone of $ 9,000 per coin. Such a momentous event can lead many to take rash actions. It is possible that a young trader, having seen such market dynamics, will immediately run to spend all the money on the first cryptocurrency. And, in the event of a drop in value, such inexperienced beginners will fail. That is why in this article we will give a sober assessment of the growth of Bitcoin, highlight all the nuances and tell how to respond to the increase in the value of the first cryptocurrency.
How did the coin grow recently?
To make informed conclusions about the benefits of working with a specific monetary asset, you need to know the history of its rate in recent times. In the case of Bitcoin (BTC), we are dealing with almost constant growth. Positive dynamics finally appeared on April 1, when the coin cost only 6445.67 dollars apiece. By March 6, the price tag was more than $ 7,300 per coin. Then, as often happens, there was a slight price correction. The market calmed down, and the coin sank to the level of $ 6,600 to start phenomenal growth. By April 29, the cost of cryptocurrency amounted to $ 8900 apiece, and now, today BTC has reached $ 9181. This is a phenomenal result, since last year the coin only once reached the level of $ 12350, and then fell steadily.
Recall that, given the recent cost gaps that took place in March, at the moment, Bitcoin has surpassed its own maximum by 150% since March 12. Then the price of crypto dropped to a record minimum amount in recent years. But now everything has changed, Bitcoin has fixed itself slightly above the $ 9,000 mark and so far has no plans to fall.
What do market changes say?
In general, a stable history of the course may well indicate that BTC has finally survived the crisis and is ready to develop productively. Even according to the most skeptical forecasts, by the end of 2020, the first cryptocurrency will reach about 16 thousand dollars. This is indicated by the global situation, which provokes the productive development of Bitcoin. Due to the global crisis, people are increasingly using digital assets, fueling interest and activity in the Bitcoin system.
That is why, most likely, behind the price changes is a strong, stable and reliable growth, and not a fictitious increase in the value of a digital asset. Thus, we can give a recommendation – consider the possibility of conducting transactions with Bitcoin in the near future. If you thought about selling a little of the first crypt and waiting for a good moment, you can wait another day and, if the price does not start to rise, put up some of the coins for sale. We recommend spending the profits on the purchase of altcoins, which also show excellent results in the market.
But getting rid of all the accumulations of the first coin is definitely not worth it. We recommend that you carefully consider your own money and calculate how much crypto can be sold without loss for future financial success. Otherwise, rash coin deals may disappoint you. It is likely that in a week Bitcoin will reach $ 10,000 and you will regret selling all the coins. Realize only part of the capital, be careful and follow all the news of the crypto industry with us.
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