Bitcoin currently breaking records at $13,320 along with predictions

in #crypto-news7 years ago (edited)

Bitcoin hits all time high

!Steemians have a higher estimated value!

I haven't posted in a while, but as Bitcoin has rocketed past its previous all time high, it deserves a post.

In the time of getting to this point the price has yet risen to $13,450!

Lets look at some of the latest news in Bitcoin, especially events leading to the boom today:
-ACINQ released they had made a breakthrough in their block stream and lighting labs.
-Amazon is may be starting to allow bitcoin payments (Non-Verified rumors are floating about).
-Alexander Vinnik is waiting on a ruling from the High Court against the US as they want him extradited for laundering Bitcoins, the ruling will have a massive affect on how the rest of the world view Bitcoin.
-Steam ends support and will be removing Bitpay transaction fees constantly rising due to t(Steam not Steem).

Here is a graph over the previous 12 hours whilst all the above has happened:
coindesk-bpi-chart.jpeg
Source https//www.coindesk.com/price/

While all the above plus a lot more has happened in the last 24 Hours, those of you which know Bitcoin will know. Most of these are not staple factors, so I expect to see the price go back down very soon. it seems so easy, and heres why.

ACINQ - Have not said how close they are just close..
The ruling could go against Bitcoin.
Amazon may come out and say they will not be accepting Bitcoin.

Really the only thing which is for certain is that Steam(Not Steem), have dropped support Bitcoin.

with that in mind I expect to see it drop off over the next week. Although I hope it doesnt.

By this point in my post the price has already dropped to $13,429.

I hope the price continues to rise, and pushes all the Crypto-currencies up including Steem.

As always I hope you enjoyed reading the latest news, as much as I enjoyed writing it :)

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Definitely post more often. great read.

Thanks man