Bitcoin’s Price Keeps Rising, About To Reach $6,000

If you just thought that Bitcoin has reached its highest value, then let me tell you the price of Bitcoin has just jumped within striking distance of $6,000. On Friday, the value of bitcoin was quoted at an average of $5,840.

Bitcoin’s Price Keeps Rising, About To Reach $6,000

Well, in the month of September, Bitcoin the digital currency suffered a significant fall. Approximately 40% in just two weeks, from about $5,000 to around $3,000.

Well, that time Bitcoin was collapsed in a worrisome way, but just a few days ago Bitcoin has beaten its historical record above the $5,200 (Thursday). A few days ago, the cryptocurrency reached the value of $5,200 for the first time in the history.

However, if you just thought that Bitcoin has reached its highest value, then let me correct you by saying that the price of bitcoin had just jumped within striking distance of $6,000.

According to the reports from CoinMarketCap, On Friday, the value of bitcoin was quoted at an average of $5,840. Adding all the 16.6 million bitcoins in circulation, the market value of the digital currency reached the US $97 billion.

Image Source: Coindesk
Image Source: Coindesk

Well, Cryptocurrencies are extremely volatile, so these reports are risky and exaggerated. Cryptocurrencies are no stranger to fluctuations in prices. Some experts believe that the value of Bitcoin to go as high as $6,000 by the end of the year and may reach over $10,000 within the first half of 2018.

So, what do you think about this? Share your views in the comment box below.