Bitcoin has crossed the $8,000 mark for the first time since May after it had previously dropped to under $6,000 just last month.
Many in the crypto world, including John McAfee are pointing to this latest rise in price as a sign that a bull run is on the way.
Bitcoin is now over $8,300. This is an average gain of $100 per day, every day, for the last 30 days. Tell me the bull market is not coming. It would be a lie. @officialmacafee
Bitcoin and the crypto market in general has been on a decline since the start of the year. The bull run may encounter a sell off prior to continuing to climb as a recent sell off saw prices dip to just below $8,000 (at the time of writing) following news that the Winklevoss ETF application has been rejected. Bitcoin’s next challenge will be to break the $10,000 mark.
Stellar (XLM) flying
Stellar is also seeing big gains by climbing over 36% in under a week! XLM has today dropped by just over 4%. The future does look bright for XLM, which has overtaken Litecoin and taken 6th position based on its market cap.
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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.