On Monday evening, Bitcoin set another record breaking through the $67 thousand dollar threshold, up nearly 3.5 percent over the past 24 hours per the screen image below from CoinMarketCap.com.
During the past several weeks, the cryptocurrency markets have been showing consistent strength as the prices for many crypto projects have been generating double-digits and heavy trading volume. In fact, CoinGecko shows the global cryptocurrency market continues to be trading above a collective $3 trillion market cap, while CoinMarketCap pegs it at $2.92 trillion.
On The Flipside
- Nof financial advice, but all signs – technical, fundamental, and sentiment – suggest big gains ahead.
Why You Should Care?
Always do your own research and macro factors could have a negative impact, but several cryptocurrencies could see significant, parabolic valuations before the end of the year.