The Bitcoin market is booming, and in a big way.
The top crypto has embarked on a progressive price increase that has seen it break the $14k barrier and proceed to surpass the $15k mark within days. As this happens, the crypto community is going abuzz with projections of an incoming mega bull market that has been awaited since the start of the year.
Various crypto big-wigs like Cameron Winklevoss have come forward to comment on the new developments in the Bitcoin market. The Winklevoss twins, Cameron and Tyler Winklevoss are among the earliest BTC adopters that have earned billions of dollars from it. In a recent tweet, Cameron Winklevoss acknowledged that Bitcoin is indeed headed for the moon.
Cruising Past $15k And On To $16k
Over the past few days, Bitcoin’s price has shot up by over 15%, gliding from below $13,500 all the way to the current price at $15,500. According to CoinMarketCap, Bitcoin is shown to have gained by over 17% over the past 7 days.
Many in the Bitcoin community believe that Bitcoin is yet to slow down. Cameron himself thinks that since the coin has already surpassed $15k, it’s a matter of time before it reaches $16k and sets a clear course for the next ATH.
Is This The Long-Awaited Bull Market?
A look at the market charts on CoinMarketCap reveals that Bitcoin isn’t the only cryptocurrency experiencing a price hike. Many of the cryptos are already in the green. Ethereum has already scored an impressive 13% price increase in the last 7 days.
The crypto market seems to have entered a bull market, and top coins like Bitcoin have already gone full-blown bullish. Being the largest crypto by market cap, Bitcoin currently boasts a cool 65% in market dominance.
However, it’s yet to be seen whether BTC will achieve and surpass its previous all-time high of close to $20k. Granted, the market dynamics have left many very optimistic about this possibility. In Cameron’s own words,” Please make sure to fasten your seatbelts as we begin our ascent to the moon.”