Bitcoin Price Leaps Over $38,600- Analyst Says BTC’s Parabolic Move ‘Highly Abnormal’ | Market Updates Bitcoin News
Digital currency markets continue to see strong gains, as the overall market valuation of the crypto economy has jumped $32 billion over the $1 trillion market cap after hitting the record number for the first time. Moreover, the price of bitcoin touched yet another all-time high on Thursday morning (EST) reaching $38,610 per coin.
- On January 4, 2020, David Rosenberg, the chief economist of Rosenberg Research told CNBC that bitcoin is in a massive bubble and referred to the crypto asset as being oversold. “The parabolic move in bitcoin in such a short time period, I would say for any security, is highly abnormal,” Rosenberg said.
- Meanwhile, the aggregate market valuation of all 7,500+ crypto assets on Thursday, January 7, 2020, is approximately $1,038,719,526,309 at the time of publication.
For more live crypto market action, check out the real-time exchange stats at markets.Bitcoin.com.
What do you think about bitcoin’s latest all-time price high? Let us know what you think in the comments section below.
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