The most recent days have been somewhat convulsed and frightening for the cryptocurrency community members. According to a group of cybersecurity and ethical hacking specialists, last week Bitcoin reached a value of a little more than $5k USD, although for some this means that the virtual asset market will eventually collapse, as they’ve been saying for a couple years.
However, according to specialists from the
International Institute of Cyber Security, the value of this virtual currency
did not exceed 5000 dollars since November 2018.
Up to this date it seems that the price for a Bitcoin
has stabilized a bit, staying above the $5k USD limit for more than a week. According
to the cybersecurity specialist group, this could be the beginning of a
consolidation stage, which could raise the cost by virtual currency in the
short term.
The specialists briefly explained the reasons
for their prognoses. “In its current state, the Bitcoin market could find
a stable level between $4 300 USD and $4 700 USD, with an average of 200
transactions per day. On the other hand, it is complicated that this virtual
asset exceeds $5 000 USD or $5 500 USD, although it could even reach $10k USD.
Although the members of the cybersecurity
experts team consider that, once past this period of stability the
cryptocurrency will gradually fall to $4k USD, it would be no surprise for
anyone if, over the next few weeks, a cryptocurrency like Bitcoin reaches price
levels close to $10k USD.
After the boom of virtual assets the value of
many of the public available cryptocurrencies has experienced considerable
declines. Factors such as cryptocurrency-related frauds, lack of interest in
virtual asset transactions, and limited use of blockchain
have played a detriment to the enthusiasm that virtual assets caused just a
couple of years ago.
