Rally of growth reactivates: Bitcoin exceeds $ 13,000
The last few days have been a roller coaster of emotions with the criptomercado, with days followed by small falls of 2% to 5% interdiario, with peaks of impressive growth for all the world. Today is a day full of surprises, given that Bitcoin broke the $ 13,000 barrier.
On June 26, 2019 there have been two impressive events, in the morning we managed to overcome the $ 12,000 barrier, with some volatility that made the currency rise and fall. However, after a few hours, on the same day, the currency managed to obtain growth of more than 20%, reaching the level of $ 13.801 at the time of writing the news. similarly, sustained growth of this currency is maintained, implying that tonight it could reach $ 15,000 if it remains constant.
However, we must remember that because of the same volatility this morning, it may happen at night, analysts do not know what to do.
As we said on other occasions, which is observable in any platform that follows market prices, is that when Bitcoin rises, all others follow, to a lesser extent should be highlighted. Each token has a different sensitivity to these changes, causing each coin to respond to a different magnitude. The variations at the moment have been the following:
ETH – 14.73% – $ 353
XRP – 4.08% – $ 0.48
BCH – 7.55% – $ 509
LTC – 2.77% – $ 135
EOS – 4.51% – $ 7.30
It can be seen that it is ETH that has the greatest relationship with the volatility of BTC.
Something that is being observed with this rally is the famous FOMO, being Fear-of-missing-out, which is to fear that this unexpected growth will be lost. However, the opposite extreme happens, the fear of taking a leap of faith, assuming that at some point prices will fall again as in 2018.
Time will determine the future of the market.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.