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Bitcoin surges to nearly $3800 USD after a dry spell; could this mean a rally?

Bitcoin – and subsequently the rest of the market – is hitting green figures after a spell of hovering around $3200 USD. If this promises signs of an upward trend, there could be a surge by the end of the year yet.

Written by Becky Leighton Published on

It’s heading towards the festive season and it seems that Bitcoin might be offering a green present. Or at least, that’s how it looks at the moment. Hitting $3700 USD figures following a dry spell of around $3200 USD, it seems as though an upward trajectory might be on the horizon.

Naturally, other token is following in the wake of the spike and there are signs of increase throughout. With a sea of green in both major tokens and altcoins, the rally is market-wide.

Ripple’s XRP has an increase of 9.02% at the time of press and Ethereum is also surging in a spike of 8.93% in day-on-day trading.

Fundstrat CEO Tom Lee did predict, and stands by his bullish approach, that Bitcoin would be hitting $15,000 USD by the end of 2018. This, albeit not even nearly enough for celebrations yet, is the right direction for the Bitcoin advocate to be correct.

Although one should always be cautious and cryptocurrency is volatile at best, this provides traders, investors and cryptocurrency enthusiasts with a shimmer of hope just before the holidays kick in.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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