On Wednesday (February 5), the price of Bitcoin surged past $9,500 for the first time since last Thursday (January 30).
According to data from CryptoCompare, at 16:00 UTC today, the Bitcoin price moved above the $9,500 for the first time this month. By 16:55 UTC, it had reached $9,564.
At press time (17:45 UTC), Bitcoin is trading at $9,550, up 4% in the past 24-hour period.
Bitcoin's market cap is currently around $173.8 billion. So far, this year, Bitcoin is up 32.83% against USD.
Earlier today, former eToro Senior Analyst Mati Greenspan, who is the Founder of FinTech and crypto consultancy Quantum Economics, predicted that Bitcoin could reach $10K by the end of today (February 5):
EOD!! https://t.co/6MA5jcdzPU
— Mati Greenspan [tweets are not trading advice] (@MatiGreenspan) February 5, 2020
Gabor Gurbcas, the digital asset strategist/director at VanEck/MVIS, had a "gentle reminder" for those naysayers who have long been predicting the demise of Bitcoin:
When #Bitcoin dropped to ~$3000 by early 2019, many in mainstream media and finance yelled that Bitcoin is going to zero. Gentle reminder that Bitcoin didn’t go to zero. Bitcoin price is in fact up more than 300% since then. pic.twitter.com/gOkfYapdeS
— Gabor Gurbacs (@gaborgurbacs) February 5, 2020
The altcoins are also doing very well today, with all cryptoassets in the top 20 in the green; of these, the three biggest gainers are Bitcoin Cash (+14.53%), Bitcoin SV (+12.56%), and Dash (+11.32%).
Featured Image by "David McBee" via Pexels.com
