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Bitcoin Mania, As Cryptocurrencies Sing ‘Fly Me to the Moon’
June 23, 2019
[Fly Me to the Moon / Song Written by Bart Howard, Sung by Frank Sinatra and others]
by Howard Haykin
Is this ridiculous, or what? After breaking through $10,000 on Friday, Bitcoin extended its gains on Saturday morning (6/22/19) around 10:34 (ET) when it traded at $11,033.
Though the price of Bitcoin quickly retreated to $10,701 (and that price held up through Sunday morning), the rise in Bitcoin’s price is nothing short of incredible - up nearly 9% in a 24-hour period, up 23% over a 7-day period and, according to Forbes, up more than 250% since hitting its December low of $3,122.
While it’s anyone’s guess as to where Bitcoin and other cryptocurrencies go from here, there’s no shortage of press coverage on this ‘fairy tale’ market activity.
- Bitcoin Price Hits $11,000 Less Than 24 Hours After $10,000 Falls, What’s Next? [NewsBTC]
- Bitcoin Price Hits $11K Less Than 24 Hours After Breaking $10K Mark [Cointelegraph]
- Bitcoin Has Surpassed $11,000 To Climb 250% From December Low [Forbes]
… or predictions as to where Bitcoin and other cryptocurrencies might be headed.
- Bitcoin’s Price 'Taking Aim' at $100,000: Analyst Who Predicted Last Year's 84% Drop [Cryptoglobe]
- Peter Brandt: Bitcoin enters its “fourth parabolic phase,” taking aim at $100,000 [Cryptoslate]
- 4 Big Reasons Bitcoin’s Price Will Probably Not Stop at $20K This Time [Cointelegraph]
- Bitcoin Price Can Shatter $60,000 This Bull Cycle, Claims Crypto Trader [CCN]
