The global crypto market is standing at $474.5 billion after a significant surge of 2.84% over the last 24-hours as Bitcoin is approaching $17,000, another peak value of Bitcoin’s entire history.
In the daily trading session, the world’s leading asset topped another peak value since January 2018 as it has reached $19,000 over some cryptocurrency exchanges. The current pace of the cryptocurrency tells it is going to break the all-time high value standing at $20,000.
Traditional as well as cryptocurrency markets show bullish sentiments after some pharmaceutical firms announce to roll out a vaccine for COVID-19. In the latest announcement, Moderna Therapeutics reveals its vaccine has remained more than 94% successful in trail cases.
Approach Towards $17,000
Before pumping above $16,000, it first retraced to some extent and then geared up to approach $17,000. In an attempt to claim $17k, it became successful in reaching $16,900 over some exchanges. But then it retraced again as the price value is currently standing at $16,650 after an increase of 2.50% over the day.
On exponential price gain, the market analysts and billionaires seem very bullish for the top digital asset. For instance, Mike Novogratz, Billionaire and CEO of Digital Galaxy, speculated a big level for Bitcoin for the future case. Maisie Williams, the actress of Game of Thrones, asked her followers about investing in Bitcoin. In response, Novogratz encourages her to buy Bitcoin because it is going very high in the future. In his prediction for the top digital asset, he speculated Bitcoin would first breach an all-time high of $20,000 and then reach $65,000. He also revealed that he bought more BTC last night when the price value was hovering at $15,800. He also unveiled his purchase of Ethereum, the second-largest coin by market cap.
“I see tons of new buyers and there is very little supply. It’s an easier trade here that at 11k. So YES, buy it,” said Novogratz.
Following Bitcoin, large-cap cryptocurrencies, such as Litecoin, Ripple, Polkadot, have also marked new rallies.