As closer, the November fork is coming price of bitcoin is setting new records by its continuous surge. The past week was the best week for the bitcoin investors with the increasing price of cryptocurrency. The value of bitcoin was recorded more than US dollars when the price of BTC reached above $7,500.
The price at the press time was $7,576, whereas the high price recorded on November 5 was $7,601.54 according to the Coindesk Bitcoin Price Index (BPI). The prediction of the analyst and investors has been proved true in terms of the price of bitcoin reaching $7000 by the end of the year 2017. After crossing the milestone successfully, the virtual currency has raised the expectations of bitcoin users of surging high.
Being a volatile currency bitcoin has shown the better result for the people least expecting from the currency. It is amazing to see the last week surge of bitcoin which have raised the market capitalization alone to the next level. The trading value of bitcoin has been in a growth period the market cap reached $2.3 billion of the world’s most popular virtual currency.
The upcoming SegWit has yet to be proved in favor of bitcoin or not. As till now the analyst is bring existed to see the vast growth in bitcoin price after the fork activation this time. That may push the price of bitcoin to $10,000.