Bull runs don’t get more bullish than whatever is happening to Bitcoin. In the last month, the token has sailed past previous records and its rate of increase has recently been quickening. And today, it rushed straight past $30,000 to hit $31,000, just an hour later. Its all-time high price, $31,450, puts it at a market cap of $583 billion.
Though in a sobering reflection, XRP's recent titanic collapse—the result of a lawsuit filed against its progenitors by the US Securities and Exchange Commission—should encourage investors to keep a watchful eye on Bitcoin’s momentum.
The news has left Ethereum somewhat trailing today, despite its recent performance at timesmatching Bitcoin. In the last twenty-four hours, it could only manage a little over half the increase of Satoshi Nakamoto’s token.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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