Digital Coins Last Week Prices are About 10% UP Including Bitcoin, Ethereum, Litecoin, Cardano and Eos and Zcash

New Prices for :  Bitcoin, Ethereum, Litecoin, Cardano and Eos and Zcash

The bitcoin price has jumped in last 6 days, taking it up about 10 percent at one point to just over $6,600 after the price wallowed under $6,000 for most of last week. Other coins like Cardano, NEO and ETC has a price increase up to 20% – 29%.  While some on forums Bitcoin Talk and Reddit’s r/Bitcoin are celebrating a return to a bull market, others are more skeptical — and expect the bears to come out again soon after months of sinking prices for bitcoin and other cryptocurrencies.

Highlights:

  • Tom Lee’s $25,000 year-end target is getting into attention again.
  • Bitcoin second half of the year starts with more than 12 percent price jump
  • Bitcoin is coming back up from its lowest in 2018 last week, hitting a high of $6,720.50 Monday from $5800.
  • All cryptocurrency market hadh a 57 percent drop in total value this year. It remains to be seen whether bitcoin bullish trend will support Tom Lee’s $25,000 year-end target.
Bitcoin price July 2018

Bitcoin price July 2018

 

Bitcoin pundits have argued that more regulatory clarity could open up the gates to institutional investors. “We’ve seen the same concerns, including lack of regulatory clarity still holding for the balance of 2018 and keeping many institutions at bay,” said Joe DiPasquale, CEO of BitBull Capital. “We don’t think that demand will happen until 2019 — it’s still a market for those who are earlier movers in crypto.”

It remains to be seen whether bitcoin will live up to some of the bullish calls for it made earlier this year. Fundstrat Global Research’s Tom Lee, the only major Wall Street strategist to issue bitcoin price targets, predicted the cryptocurrency would reach $20,000 by the middle of the year and $25,000 by the end of 2018.

Venture Capitalist Tim Draper predicted bitcoin would be $250,000 by 2022. When asked during an April bitcoin debate how the digital currency compared to his early investments in Tesla, Hotmail and Skype, Draper said bitcoin will be “bigger than all of those combined” and “bigger than the internet.”

Tags: Bitcoin, cryptocurrencies, price, Bitcoin cryptocurrencies, Bitcoin price, ethereum, litecoin, cardano , eos , zcash, price bull, Digital Coins Last Week Prices are About 10% UP Including bitcoin, ethereum, litecoin, cardano and eos and zcash

Mohsen Daemi
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