A mega challenge lies ahead in the form of $11,700, which Chigbo says will be the next big goal for Bitcoin if and when it spikes beyond the $10,000 mark.
Perhaps the biggest boost to both Bitcoin and its price this week comes from Goldman Sachs.
Like Bitcoin, Ethereum has also been going strong for the past five weeks.
Over the past four weeks, Ripple has jumped from $0.46 to over $0.90.
The five-week span mentioned for both Bitcoin and Ethereum seems to also apply to Bitcoin Cash, which according to Chigbo, has gained over 150 percent since early April.
At press time, the currency is trading for over $1,500 - a solid spike from the $1,400 range it was enjoying at the time of our previous price article.
Recently, Bitcoin Cash was an indirect subject of a lawsuit against Bitcoin evangelist Roger Ver, who also owns Bitcoin.com.
At press time, Litecoin is trading for $169 - a solid jump from its $147 position covered during our last price piece.
At the same time, LTC may encounter higher usage in the coming weeks now that Reddit has reversed past its Bitcoin ban.
Executives say they are ready to instill Bitcoin, Ethereum and Litecoin payments in the future now that its partner Coinbase has migrated to a new platform.
Crypto Price Watch: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin Exhibit Ongoing Bull Behavior
Udgivet den May 5, 2018
by Cryptoslate | Udgivet den Coinage
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