The Current Bitcoin Price Is Half Of Its Former High

The Current Bitcoin Price Is Half Of Its Former High

Bitcoin hit its peak price over a year ago. Since that time, the cryptocurrency has never come near that price. It remains a widely bought and sold currency nonetheless. Investors want the current Bitcoin price to return to its former highs. As Bitcoin adoption grows, the price may start to rise more often than it falls. There are no guarantees with digital currencies, but Bitcoin seems to have lasting power.

Bitcoin has hovered between $8,000 and $11,000 for quite some time. Due to the current global economy, that price won’t budge for some time. Day traders still stand to earn money with frequent trades, though. There’s always enough volatility in Bitcoin’s price to turn a profit. In the end, Bitcoin continues to develop and stabilize in price. A breakout isn’t guaranteed, but most investors assume one will come sooner or later.