The Bitcoin is reaching $10,000 again.
Personally, I think cryptos will be the future, even some countries already banned them, like China and South Korea.
Recently, an news shaped my eyes again, it said that the investment banking
powerhouse Goldman Sachs will start trading Bitcoin futures using its own money.
Bitcoin (BTC.X): will this rally sustain?Do you think bitcoin will continue to increase?Saturday, May 5 : All eyes are on the markets this week as they consolidate a rally to levels not seen since early March, with Ethereum (ETH) and Bitcoin (BTC) leading the way, as data from Coin360 shows.
Bitcoin (BTC) has been tantalizingly close to breaking the $10,000 threshold, trading at $9,942 to press time, and as high as $9,991 over the 24 hour period.
Crypto commenter Joseph Young has pointed out that looking beyond the global markets’ average, BTC has in fact already broken through $10,000 on Asian markets:
At last $10,000 here we come!
Bitcoin already $10k in South Korea and Hong Kong.
We're not too far away from "I wish i bought bitcoin at $6,000 and Ether at $400" pic.twitter.com/gwX2th2yw8
— Joseph Young (@iamjosephyoung) May 5, 2018
Ethereum (ETH) continues its impressive rally, trading at $823 to press time. The altcoin’s monthly gains have surpassed an astonishing 115 percent. For now at least, the positive response to news of forthcoming scalability improvements for ETH’s platform appears to be eclipsing the impending SEC enquiry into a possible security classification for ETH this coming Monday, May 7.
Total Market Cap is edging closer to half a trillion, now at $470 bln, according to data from Coinmarketcap. A market of this size can no longer be ignored by major institutional players, as Blockchain Capital partner Sencer Bogart remarked Friday on CNBC.
Investment banking giant Goldman Sachs in fact preempted its Wall St competitors earlier this week, with its sudden announcement that it will offer clients Bitcoin trading products, beginning with futures, “within weeks.” The bank claimed it had been “inundated” with client interest.
Among the other top ten coins by market cap, Bitcoin Cash (BCH) has seen a hefty 13 percent uptick over the twenty four hour period, up over ten percent against BTC. This notwithstanding the recent furore which saw BTC supporters threaten, and subsequently drop, a lawsuit against BCH-proponent Roger Ver’s site bitcoin.com for allegedly misleading buyers by purposefully blurring the distinction between the two coins.