After all the difficulties experienced recently, bitcoin again returned to the habit of punching one after another historical highs. On the night of November 17, bitcoin rose above $ 8,000 on the Bitfinex exchange, but the other stock exchanges did not manage to take this bar, stopping about $ 7,980, as a correction took place, dropping the price to $ 7,750.
However, growth can still resume and break new ceiling more confidently.
The most likely reason for the new record was the unconfirmed report that the Chicago Mercantile Exchange (CME) will start testing bitcoin futures for customers on November 20.
The last two weeks for bitcoin were very rich in events. Perhaps the most important were the news about bitcoin futures. Immediately two large Chicago exchanges - CME Group and OWN, as well as the British Man Group that joined them, announced that they are going to launch clearing of crypto-currency derivatives. Bitcoin did not leave it without attention and is rapidly gaining momentum.
The last major price rollback associated with the cancellation of SegWit2x finally played its role, and Bitcoin Cash's attempt to win a seat under the sun also failed. And even such a trifle, as the deception of the miners on the part of Bitcoin Gold developer, played into the hands of bitcoin.
After a new record, bitcoin capitalization exceeded $ 130 billion, the dominance index - 57.5%. The latter testifies that the first crypto currency is still more popular than all altcoyins combined. Since the beginning of this year, the price of bitcoin has grown about eight times, while the altokkines, following the flagship, can not overtake it in growth with rare exceptions.
Most analysts agreed that immediately after the forks of Bitcoin Gold and SegWit2x, investors will start to go back to the Altcoins, but the market decided to dispose of it differently, and the optimism of the bulls again prevailed. Altkoin also began traditionally to 'move down', adding a little in dollars, but losing to bitcoin a few percent.
Of the main altcoys, only LTC made up the company to the older brother, adding almost 3% to the LTC / BTC pair and rising simultaneously above $ 70. Bitcoin Cash was the most unlucky after the recent triumph. BCH lost only one figure, but the most necessary: from $ 2,800 it collapsed to almost $ 800 in just five days, of which only today lost $ 500.
In social networks, they were enthusiastic about the new achievement of 'digital gold' and many are wondering whether bitcoin will take a mark of $ 10,000 in the near future. The most optimistic expect that this event will happen before the end of the year. It is worth noting that bit of 7,000 dollars bitcoin took just two weeks ago, and 5,000 dollars - just over a month ago.
Investment bank Goldman Sachs a week earlier made a forecast that bitcoin will attempt to overcome the mark of 8,000 dollars. And it happened. And it is possible that by the end of the week we will again see an update of the historical maximum.
🤗 source: bitnovosti.com 🤗
Bitcoin going high and alt coins dropping down. I have all my money in alt coins and lost hell lot of fortune