Bitcoin tops $6,000, as market shrugs Binance hack news
Bitcoin’s latest advance builds upon its strong performance in April, when the coin’s price increased by some 30%. According to billionaire investor and Bitcoin bull Mike Novogratz, the coin’s recovery is only beginning.
In an interview with CNN Business earlier this week, Novogratz predicted that the digital coin would triple its price over the next 18 months and return to its all-time high of around $20,000.
“It would take something like that to shatter this newfound confidence,” Novogratz said from the sidelines of the SALT Conference in Las Vegas.
In today’s trading, the Bitcoin price stood at $6,098.69, as of 09:25 BST. The digital coin has gained 3.5% in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market capitalisation currently stands at $107.9 billion, which represents 57.1% of the combined value of all digital coins.
Featured image: Iaremenko Sergii/Shutterstock.com
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The post Bitcoin tops $6,000, as market shrugs Binance hack news appeared first on The Independent Republic.
source: https://theindependentrepublic.com/bitcoin-tops-6000-as-market-shrugs-binance-hack-news/
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