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.