Bitcoin prices on a constant hike, will it keep going up?

Bitcoin prices on a constant hike. Will it keep going up? (Shutterstock)

ALBAWABA - In the world of digital currencies, Bitcoin (BTC) stands out as a leader attracting the interest of many investors and fans. Every day, all eyes are on the prices of Bitcoin whether they're up or down.

Overview on Bitcoin

Bitcoin is a form of the recently trended Cryptocurrencies; which are a form of currencies designed to be used for digital and e-commerce transactions. These currencies are meant to be used “virtually” and without the authority or supervision of banks and governments.

Bitcoin prices experiencing a constant hike

Currently, the price of Bitcoin today is $62,624.70 and experts are foreseeing a constant upcoming hike to follow. It is worth noting here that the Market Cap of Bitcoin today equals $1,241.73B.

The latest increase in Bitcoin price is nearly estimated to hit a 0.44% rise. Experts are not sure if the price will keep experiencing another hike or a slight decrease.

^{Bitcoin prices are on a constant hike. Will it keep going up? (Shutterstock)}

Bitcoin fluctuating prices

It is relevant to note that Bitcoin prices experienced a decrease last month, June 2024. Analysts explained that the decrease was due to late decisions of the Federal Open Market Committee and the ongoing developments in the markets.

Over the years, the lowest closing price for Bitcoin was $0.05, on July 18, 2010. However, the highest closing price for Bitcoin was $73,083.50, on March 13, 2024.

Traders believe now is the perfect time to buy Bitcoins as their value is expected to increase in the market.

Provided by SyndiGate Media Inc. (Syndigate.info).