BTC Price: $4,079
Last 7 Days: +6.69% 1month: +20.04% 12months: -76%
With BTC yet to show any real grip above the $4,000 level, there is still much market comment that the bear market is still apparent and yet to show signs of complete exhaustion and turnaround. The last month has seen the overall BTC price recover by over 20%, and whilst the bears are less vehement that an imminent “zero” is coming, few are willing to make a call on the short-term direction for Bitcoin. As muted before, much of 2019 for BTC is going to rely on institutional money entering the market, which will go hand in hand with improved regulation and the much speculated ETF sign-off. Both of these points should be resolved in 2019- regulation has already been sign-posted and with the ETF story rumbling on, there will surely come a point this year when it is either “passed” or is deferred for a substantial period of time. Either way- some clarity on these issues should be had this year and that will then determine (along with broader macro-economic factors) what sort of year the BTC market has.
31st December: $4,709,116,114 (BTC price of $3,822)
7th January: $5,667,897,072 (BTC price of $4,079)
20% increase in trading volume in the last 7 days