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Tuesday, 19 November 22:19 (GMT -05:00)



Foreign exchange market

Bitcoin Exceeds $10K Again


It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin. 
 
It's interesting to note that other altcoins are following the big boss. Ethereum now costs 179 dollars per coin, XRP costs 0,26 dollars, Litecoin costs 67 dollars. Bitcoin Cash is yet another cryptocurrency gaining a lot over the past few days. It costs 296 dollars per coin. 
 

Buy or Sell?

 

According to one of the recent surveys conducted on Facebook, 59% of the respondents assume that now is a good time to start buying Bitcoin and aother altcoin again. Apparently, if the rate stabilizes above $10K, the attitute to BTC as a safe-haven asset will be reistablished in the market. 
 
However, some experts assume that Bitcoin has failed the test on being a safe-have nasset. When the trade conflict between the United States and China escalated the other day, the stock marekt crashed. International investors sought shelter in such safe-haven assets as the Japanese Yen, the Swiss Franc, and gold. These assets saw gains while Bitcoin dropped along with the stocks. This means that cryptocurrencies aren't seen as safe-haven assets yet.
 

 

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