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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