Bitcoin Price Broke the Record of the Last Few Months

Bitcoin price experienced a new record on Monday, May 27th. In yesterday trades, the price of Bitcoin reached more than $8900 which is considered a new record for its price during the last year. Besides Bitcoin, the value of most of the main cryptocurrencies of exchanges market has faced a dramatic increase. Ethereum, the other popular cryptocurrency has experienced a 20-percent price in just a few hours. The other cryptocurrencies such as Dash, too, experienced a 10-percent value increase in trades.
Of course, at the end of the day, the Bitcoin price decreased to $200 and it was traded to $8700. Almost all activists in the market of cryptocurrencies predict a hot market for Bitcoin and cryptocurrencies this week. Some analytical sources predict that through increasing Bitcoin exchange level up to $130 million, Bitcoin price will probably experience exponential price; however, some other analytical sources such as Coindesk believe that in case of dropping Bitcoin price to $8000, it might stop soaring. We should wait and see how will the new week of cryptocurrencies’ trades finish with this squally start. 
 

Coins International Journal