Bitcoin breaks above $9k
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For the first time since March, the price of bitcoin has returned above $9,000. The most significant gains were experienced by the bitcoin spin-off bitcoin cash.
The world’s most valuable cryptocurrency now has a market cap of more than $150 billion, though this is still down considerably from its peak valuation of around $320 billion in late 2017.
Positive news in the cryptocurrency space in recent weeks led to optimism among some analysts, who predicted the latest price bump.
Yea, the king of all crypto is still below half of its all time high, but I strongly believe once regulators work out all the red tape to allow investment firms to offer crypto mutual funds and similar investment vessels, the price of crypto across the board will blow up. Now is the time to place your bets, a sort of calm before the storm.