The value of the main digital coin reached $9100. At the beginning of March 2019, the asset price did not exceed $4,000
On Thursday, March 5, the value of Bitcoin again exceeded $9100. Over the past day, the asset price has increased by 4%, and over the past year-by 163%. In the early spring of 2019, the cryptocurrency was trading at $3,900. Trading volumes of the main digital coin were about $10 billion at the time, but now they are 284% higher, at $38 billion.
The total market capitalization has increased by 98% since March last year, to $261 billion, while the share of BTC in the blockchain industry has risen from 51% to 64%. The cost of Ethereum during this time increased by 76%, to $233, and the XRP rate decreased by 23%, to $0.24.
Earlier, analysts Yu Volkov and Horus Hughes predicted that Bitcoin will continue to rise in price in the near future. Trader Willy Wu suggested that the cryptocurrency rate could reach $135,000 within the current market cycle.