Bitcoin (BTC) was able to surge above $10,600 for a short period fo time on August 26, during the European night. Surprisingly, Max Keiser, a recognized Bitcoin supporter, said a few hours before that the cryptocurrency was ready to “explode higher.”
Max Keiser’s Good Timing
Max Keiser, a recognized crypto supporter was able to “predict” Bitcoin’s 5 percent surge on August 26. Bitcoin moved from $10,050 to over $10,650 in just a few minutes during the European night. Although Bitcoin fell back to $10,300 it remains more than 2% above yesterday’s price.
Just a few minutes before the price surge, Keiser wrote a tweet in which he said:
“Bitcoin is a coiled spring about to explode higher.”
#Bitcoin is a coiled spring about to explode higher.
— Max Keiser (@maxkeiser) August 25, 2019
Keiser is a Bitcoin supporter that is always sharing his bullish thoughts about Bitcoin and cryptocurrencies. The digital asset has been traded around $10,000 for the last few days after reaching $13,750 back in June this year. This was its highest price registered by Bitcoin in more than an entire year, which was very bullish for the whole market.
Nevertheless, since that moment, Bitcoin made a pause and altcoins started to fall in BTC terms. Currently, Bitcoin is being traded around $10,372 according to CoinMarketCap. It also has a valuation of $185 billion. In the last 24 hours, the largest virtual currency in the market surged 2.64%.
All the top 10 virtual currencies are currently expanding. Binance Coin (BNB) is the best performing crypto after Bitcoin with a price increase of 2.36% during the same period of time. Bitcoin Cash is also expanding 1.85% surpassing $312 per coin and a valuation of $5.62 billion.
Bitcoin has also increased its dominance in the space, reaching the highest point since early 2017. This shows that Bitcoin has performed very well compared to other cryptocurrencies. The bear market of 2018 affected many cryptocurrencies, including the most valuable ones. Litecoin (LTC) and Binance Coin experienced a very good first semester due to different reasons.
Binance released its blockchain network called Binance Chain, it released the Binance Launchpad and a decentralized exchange (DEX). At the same time, Litecoin supporters were excited about the recent halving that the digital currency experienced. Rewards for LTC miners dropped from 25 LTC to 12.5 LTC per block.
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