As investors continue to recover from the bearish market, the co-founder of Fundstrat Global Advisors Tom Lee remains optimistic and expects the next Bitcoin bull run to begin in August or September this year – which is five to six months from today. Lee has been making cryptocurrency predictions and comments for years.
Bitcoin average trading volume has now reached new highs since 11 months ago. Bitcoin is the globe’s leading cryptocurrency by market cap. BTC/USD is trading at $4,032 and the total MC is at $139.587 billion, at press time. It has surged up around 150% since October’s record lows. The average daily Bitcoin transaction volume hasn’t registered levels this high since January last year.
Bitcoin, the leading crypto by market cap, has plunged over 80% from its record high meaning that there is not much possibility for further dive. It is very likely to find a low ranging between $2,000 to $3,000. Bitcoin is currently trading at $4,037, according to coinmarketcap data.
There was nothing like positive news during the ‘crypto winter’ making the majority of the cryptocurrency enthusiasts to be very quiet. Now that the evidence shows that the crypto winter is almost over, investors, enthusiasts, traders, experts and analysts will start making wild predictions of the next bull run, partnership and other relevant speculations within in blockchain and cryptoasset industry. Indeed, the ice is starting to thaw.
Bitcoin (BTC) is accumulating profits after a significant surge in value on Tuesday, March 5. The flagship crypto hit around $3,900 resistance, but the positive impetus bleached during hypothetical standing on the crypto market. Bitcoin is currently trading at around $3,934 (-0.53% 24h and 1.96% 7d) price, with a market cap (MC) of more than $69.169 billion.
According to a new report by Delphi Digital, a cryptocurrency research & consulting company, dubbed “Entering the Ethereum: Long-Term Value Potential and Analysis,” some of the latent technical risks experienced by the smart-contracting platform are highlighted and concisely analyzed. The technical risks include the size of the blockchain, Infura centralization, cross-shard communications and code vulnerabilities.
The cryptocurrency market is now the most boring place with all bullish digital currencies including Bitcoin, EOS, Ripple (XRP), Litecoin (LTC) and Ethereum (ETH) following consolidation patterns. Binance Coin (BNB) is the only top 20 cryptos with outstanding trends. BNB/USD increased more than 8.4% in the past 24 hours to change hands at around $10.92. The crypto takes the 10th position in the world cryptocurrency rating and it has a market cap of more than $2.34 billion.
The price of Ethereum soared with high momentum by 15.13% over the weekend recovering from its Friday lows of $146 to Sunday highs of $168.58. At press time, Ethereum is trading at $138.52 (-0.99% 24h), Bitcoin (BTC) trades at $3878.28 (0.17% 24h) and Ripple at $0.314041 (-1.94% 24h).
Several cryptocurrency investors are enthusiastically waiting for the final decision of the U.S. SEC on whether or not a Bitcoin ETF eventually becomes a reality. Since the Bitcoin price is not soaring dramatically, crypto traders are now waiting for the exchange-traded fund (ETF) to recover the entire market. Nonetheless, the senior analyst at Fundstrat Tom Lee, highly believes that Bitcoin - the leading cryptocurrency by market cap doesn’t want an ETF to end 2019 vividly higher.