27 November 2017

Bitcoin Price Exceeds $9,500


Bitcoin Price Exceeds $9,500

Bitcoin Price and value has massively increased this weekend with prices exceeding $9,500 on extremely strong volume.

It seems that the market rise to this point has been the result of increasing adoption among individuals, as well as hopes of institutional increases. The rise in Coinbase user accounts (nearly 125,000 per day), as well as the hope for futures trading from two Chicago-based markets (CME and CBOE), appear to be the driving factors in the recent jump.

ALSO READ: Bank of India (RBI) to Ban use of Bitcoin and Ethereum

Bitcoin Continues Running - Now Past $9,500

The market has been pushed by a number of critical news stories regarding the mainstream adoption of the cryptocurrency.

What will Bitcoin future Price Value Look Like?

As the market has continued to run, the fears of a bubble in Bitcoin price have continued. Nevertheless, many investors see a substantial future increase coming as institutional markets begin to open.

ALSO READ: Bitcoin Records 10 Percent Orders at Austria’s Yipbee - Johntechservice

Additionally, increasing stability within the Bitcoin network will likely produce greater levels of adoption, both as a store of value and as a payment network. New payment platforms and businesses willing to accept Bitcoin will move the market forward as well.

Source: Cointelegraph

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