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Bitcoin Breaks $8,000

Investors Say ‘Crypto Winter’ Is Over

Bitcoin
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Bitcoin Breaks $8,000, Investors Say ‘Crypto Winter’ Is Over, Bitcoin climbed above $8,000, extending its longest winning streak since 2013 and giving fresh momentum to a crypto currency market that crashed only last year. According to Coin Market Cap, the digital currency last stood at around $8,000 in July last year.

Trading at just below $8k, Bitcoin is up 14 percent on the day in its second thousand dollar surge this week. At the weekend BTC pumped from $6,300 to $7,500 and many expected a correction which has yet to materialize. Over the past 24 hours BTC has pumped from just over $7,000 to top $8k for the first time in ten months.

In the spring of 2017, after several months of sideways trading, the price of Bitcoin started rising — from about $1,000 in early April to $2,500 in mid-May. By August it was at $4,000. The trading was choppy and declines were sudden and severe, but the price always recovered, reaching new highs in a matter of weeks. In November alone, the price started at roughly $6,500 and ended at over $10,000

Bitcoin has surged a massive 140% in 2019 alone, following a dismal 2018 which saw the price drop approximately 87% from the $20,000 all-time high. In the space of 5 months, BTC has managed to climb back into the green for new investors, who would have seen their early 2019 buys in big profit.

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