The experts have predicted that this year will go to be good for the cryptocurrency market. The Bitcoin (BTC) has seen lots of ups and downs in the market of cryptocurrency. Bitcoin is the biggest cryptocurrency in the market of digital currency. But, this year is not good for Bitcoin and presently trading value of the Bitcoin is closed at its lowest in 16 months. It has dropped by 3 percent in last 24 hours, summing the last week’s loss of 5 percent.
The Bitcoin price has fallen 10 percent in over a month and 80 percent in the last year. This loss of the Bitcoin cryptocurrency has left the experts in cliffhanger to make any predicted on the situation. The current trading value of BTC is at $3907.29 USD and its transacting supply is 17,578,300 BTC which is the value of $68,683,440,421 USD. The trading has reduced by -0.22% of yesterday’s value.
This trading price of Bitcoin has left the experts divided on analysis of this price value by the end of the year. Thomas Lee of Fundstrat, a famous American research firm strategist has predicted his analysis that Bitcoin price will be ranging around $20,000 to $64,000 by the last of year 2019. He predicted that the Bitcoin’s trade value will catch up to $10,000 in the next couple of days.
Thomas Lee stated, “Mike Novogratz has given various predictions throughout 2018 which have been scrutinized, particularly as some of these have been less than accurate.” The former Goldman Sachs fund manager and founder of Galaxy Digital Mike Novogratz also optimistic about the Bitcoin position is cryptocurrency market.
Bitcoin is largest cryptocurrency and influential crypto of the market, but it’s always the best cryptocurrency to invest in the market.