Meanwhile, all the majors are keeping their ranges. The only exception is Bitcoin which has climbed to the new record highs. The currency skyrocketed to $9500 on the news that one of the largest South Korea’ commercial banks Shinhan is testing a virtual Bitcoin vault which is expected to be offered to clients till the mid-2018.
From the beginning of this year, this cryptocurrency has already added more than 900%. Of course, compared to Etherium’s +5000% is just nothing, but anyways. Today’s morning Bitcoin peeped into above the $9500 mark. We can see all the signs of a market bubble.
Of course, it may take a while for this bubble to burst, and we still don’t know the possible reasons. It will also may take a while before the market starts panicking and breaks into a run. What we see now is a growing popularity of the digital money, let’s say ‘crypto boom’. So, it will likely continue scrambling to the upside. The test of $10 000 mark is not ruled out, and we may see it this week.