Back in late 2017, Bitcoin saw a huge boom, with the value of a single Bitcoin rising to just under $20,000. By early 2018, Bitcoin value swiftly began dropping again and has remained far off its peak value since then. That is beginning to change now, with the Bitcoin market back on the rise.
As reported by Reuters, Bitcoin value hit $19,000 today, the closest it has gotten to its peak value in three years.
If this rise continues, then we could eventually see Bitcoin break the $20,000 mark before the end of the year, which would set a new all-time high for the cryptocurrency.
This growth has been steadily building since September, when Bitcoin rose back above the $10,000 mark after a dip following the end of Summer. As with any cryptocurrency boom though, there will eventually be another drop-off.
KitGuru Says: If you’ve been holding onto some Bitcoin, then now might be a good time to see how much its worth. It will be interesting to see if a new all-time high value is reached before things start to drop off again.