Bitcoin prices have stabilized around $6,400 since October 2018, but on the other side of the coin, equity markets have been tumbling, this may be a sign of relief to all the cryptocurrency investors and traders. Since June 2018, bitcoin is trading above $6,000 per unit after the world’s most popular cryptocurrency fell from its respective all-time peak of $20,000. In the current year so far, bitcoin prices have touched a low of around $5,900 in June.
According to a Forbes report, bitcoin and other cryptocurrencies are likely to see a bull run again. Changpeng Zhao, CEO of Binance, a cryptocurrency exchange, expects another bitcoin “bull run” to happen sooner or later, Forbes reported. “Even if I don’t know what will catalyze a bitcoin bull run, I am certain it will happen… Sooner or later, something will trigger it,” Changpeng Zhao was quoted in Forbes.
Bitcoin is trading at $6,369.30 while ethereum and litecoin are hovering around $210.53 and $50.78, according to the latest data on coins.live.
Bitcoin prices saw a massive spurt in the last quarter of 2016, the time when a unit of cryptocurrency was available for $600-$900 apiece. In 2018 itself, bitcoin prices breached the psychological mark of $20,000, but since then it has been on a downward trend. All the cryptocurrency investors might be anticipating for the next upward trigger.