Analytics / Forex and Crypto News
The largest cryptocurrency continues to trade at a 15-month high, approaching the $12,000 mark.
On Tuesday, June 25, the Bitcoin rate rose to $11,400, the market capitalization exceeds $201.17 billion.
Many analysts still believe that a surge of interest in BTC was due to the appearance of information about the forthcoming Libra in the media. The Token Libra is supposed to become a global payment instrument and will be used to bypass the traditional banking system.
These reports provoked sharp investor interest in the blockchain industry and caused a rise in the value of digital assets.
However, in the crypto-community, many analysts and traders doubt that Bitcoin will be able to rise in price to $12,000. They are more restrained and even allow small rollbacks before it can take new heights.
The analyst under the nickname Bagsy tweeted a post in which he announced a decrease in Bitcoin after reaching the mark of $11,500.
In his opinion, the result of a negative correction will be a descending of the asset rate to $8500, but after that a bounce to $13,800 is possible. At this level, Bitcoin will be traded around the end of October.
Bitcoin optimists don’t believe in the possibility of such a significant drop, but they admit that even if the coin drops below $10,000, aggressive purchases will soon resume in the market and the BTC will be boosted above $12,000.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov