The spiking rise in Bitcoin value has exceeded professional predictions by dominating the world of cryptocurrency and blockchain technology. Data shows Bitcoin currently performing at an all-time high as CoinBase continues to drop down the charts.
While 2020 has brought new financial difficulties to global economies, Bitcoin prices have nearly doubled in the past few weeks. Data analysts state Bitcoin is on a direct path to driving price gains substantially in the foreseeable future.
In terms of Bitcoin’s price action, the cryptocurrency giant smashed its previous all-time highs in 2017. Professional analysts also believe that Bitcoin will continue to increase in value significantly as the new calendar year switches over.
A rapid appreciation cycle has drawn attention to the crypto’s voluminous bulls over the past few weeks. The majority of cryptocurrencies are experiencing surprising spikes and increases that have left experts reeling with shock.