The price of bitcoin is having a significant increase in the morning of Saturday 30 June when in a matter of hours the market has increased from 5,900 dollars to 6,500 dollars registering an increase of about 8 percentage points, in the same way the correlation of bitcoins with cryptocurrencies altcoin, being still strong has led purchases on all major digital currencies, among the top five most capitalized (ethereum, ripple, bitcoin cash, eos and litecoin) we see increases ranging from 6 to 12 percent, the total market capitalization of cryptocurrency has risen to about 256 billion dollars, remaining however under 325 billion 20 days ago
Despite the monthly drop some very long-term forecasts are very good, Mike Novogratz, a billionaire investor and former trader Goldman Sachs and Fortress, told Erik Schatzker, editor of the Bloomberg Invest Summit in New York, the cryptocurrency market will increase its capitalization 20 trillion dollars.
In a twitt Novogratz states that:
Cryptocurrency will become a $ 20 trillion market. I believe it will be 10 times this. Remember: Fiat currencies will be drastically devalued. From 2021, the US dollar will only be worth 1/5 of what it is worth today.
Novogratz also stated that the cryptocurrency market will rebound from its main correction in mid-2018 and will exceed previous historical highs.
In today’s trading session, especially bitcoin cash, which increases by 12 percent, litecoin +11 percent and cardan (ADA) +13 percent.
Many expect this new sign of positivity to be the beginning of a broader market rally by reporting the price of bitcoins in the 10,000 area.