Bitcoin price & Altcoin analytics

Half of the year 2017 has already passed and during this period the Bitcoin price made the most dramatic rises and falls in its history. Several months ago Blockchain and cryptocurrency experts were doubtful that the Bitcoin price could reach the height of over $2,500 that we observe now or even its recent maximum of $3,000, so quickly. However, now, most of them believe in a very positive end to 2017.

In the previous article about Bitcoin price trends at Coinidol.com, the experts have predicted that the price of Bitcoin could hit $3,000 by the end of December 2017. However, it’s June now and last week the Bitcoin price has already reached $3,000.

The recent rally of the Bitcoin price to $3,000 paused with inevitable corrections and the price moved to the level of about $2,750 per BTC. Meanwhile, the main competitor of the world’s largest cryptocurrency - Ethereum (ETH) is pushing up.

In the previous article about Bitcoin price trends at Coinidol.com, the experts predicted that the price of Bitcoin could hit $3,000 by the end of December 2017.

On Tuesday, June 6, the Bitcoin price reaches a new historical maximum level of $2,850 USD and continues growing.

In May 2017 almost all the most popular cryptocurrencies have shown unbelievable market capitalization growth.

The fact that the Bitcoin price is moving up so fast surprises cryptocurrency and Blockchain experts. We know that Bitcoin is a promising investment tool, yet the price has doubled in just half a year, from $850 in December up to its latest maximum of $1,750 in May. Could good news like world governments accepting cryptocurrency play a role in the Bitcoin and altcoins price race? Or are we observing another ponzi scheme? Should we expect corrections soon?

The Bitcoin price has already surpassed its historical maximum and confidently goes higher.

On Wednesday, May 3, one of the largest cryptocurrency exchanges, Coinbase, announced that it was adding support for Litecoin.  The Litecoin price reacted immediately with a sharp rise in price from $16 to $21 to surpass a market cap of $1 billion.