It looks like the series of negative news about Bitcoin (BTC) as well as other cryptocurrencies is gradually fading away, exposing a positive environment surrounding the cryptocurrencies market.
During the last week, the Bitcoin (BTC) prices, along with those of the other cryptocurrencies, have soared slightly, particularly when measured against previous values against the US Dollar. Notwithstanding the obvious cryptocurrencies market boom of December 2017 and the sharp decline as we moved into 2018, which continued in February, the cryptos showed a slight recovery during recent months.
Some cryptocurrencies market analysts who examine the ongoing market boom think there are a number of reasons for the recent upturn. First, the alternative cryptocurrencies, the so-called altcoins, are gaining a higher degree of freedom from Bitcoin (BTC) and the fluctuations in its price.
Bitcoin (BTC), along with the other cryptocurrencies on the market, will significantly surge in 2019
We have recently noticed that a lot of altcoins are slightly diverging from the behavior of Bitcoin (BTC) within cryptocurrencies market. Commonly, when Bitcoin (BTC) is surging within the cryptocurrencies market, the rest of altcoins, such as XRP (XRP), formerly known as Ripple (XRP), and a few others, surge similarly.
Meanwhile, the analysts are forecasting that the cryptocurrencies market could be heading for a lockdown in the upcoming weeks. If you plan to invest, some experts have advised you to make a long-term investment, instead of putting money on the short-term.
Bitcoin falling to around $6,600 on July 5th was probably the lowest point of the year, but its price will continue to rise and will probably reach a peak of around $15,000 by the end of this year. Cardano (ADA) is the most impressive one so far.
Michael Collins, founder and CEO of GN Compass
Other cryptocurrencies market analysts say that the investors are time-limited to board the “cryptocurrency train.” That is a decision that investors have to take sooner. Otherwise, they could be arriving too late.