Bitcoin price has hit the 400 USD mark again. It has done so before with Asia playing a big role. Although, major players in the market are skeptical to celebrate just yet. Activity had been really unpleasant on the majority of our methodologies consistently. It’s not frequently this happens however, and now we are seeing some new volume out of Asia, we are anticipating a superior week this time around. The virtual money has been battling between the 370 USD and 380 USD for quite a long time before it could break out of the resistance and surge ahead. The expansion in cost can be added to various variables, beginning with individuals exchanging their altcoins at bitcoin as altcoin costs are displaying a descending pattern.
We think the blockchain is no doubt disruptive to the banking industry because it can help mitigate or even possibly remove all the instances of fraud. Having said that, we still believe that using Bitcoin is the most secure, popular and border-less cryptocurrency in terms of potential but then again, everything will depend upon the settlements banks are willing to take.
A week ago ethereum saw a phenomenal increment in worth after the value topped to a record-breaking high of 0.0171 BTC per ethereum. More than 60000 BTCs were exchanged for ethereum amid those days. Once the new interest for the cryptocurrency died down, there was a fall in its cost.
We might expect a superior execution from bitcoin in the coming days. With expanded reception of blockchain innovation and expanded enthusiasm for bitcoin among governments who can work for the computerized coin. 2016 is expected to be a great year for Bitcoin and its value is also expected to shoot further upwards. Bitcoin price has gone a lot of transformations and is now being adopted by a lot of individuals and businesses for trading, etc. Bitcoin payments are also being recognized as a standard option by many leading ecommerce sites that points to its increasing popularity among the mainstream market.