The price of the leading cryptocurrency Bitcoin [BTC] is continuing its rapid rise and earlier today on 26th June it hit over $12,000 USD for the very 1st time within this year.
Bitcoin [BTC] broke its $12,000 USD price benchmark earlier this morning after mostly trading within the $13,000-$14,000 price range for the primary months of this year. However at the reporting time, Bitcoin [BTC] is presently trading at a price around ‘$12,624.23 USD‘, which is 11.63% up for the day.
As ‘reported‘ earlier, Bitcoin crossed its $11,000 USD price-mark in within just 24 hours after breaking $10,000 USD barrier. Earlier this week, renowned trader named ‘Peter Brandt’ additionally tweeted that the price of BTC is presently taking aim for $100,000 USD target. In line with him, bitcoin is presently on its 4th parabolic growth section, and “is a market like no other.”
The founder and chief executive officer of Digital Currency Group ‘argued‘ earlier this month that it “looks like, perhaps, we are leaving behind the long running cryptocurrency winter and we’ve entered a ‘cryptocurrency‘ spring,” in line with a recent interview with Bloomberg.