Bitcoin prices up by ~15%, while STEEM makes extreme gains up to 45%
Image source: Max Pixel Free Images
It is good to come home end of the day to realize Bitcoin prices went up :)
**Short disclaimer: If you are holding Bitcoin for long-term investments, these fluctuations or short bull runs may not interest that much. But for traders, these fluctuations are exactly what you have been waiting for.
Bitcoin [BTC]
Although the surge may seem pretty huge of 15% to USD7,800, always take a look at the bigger time frame for example 1 year. You will see that Bitcoin made a small victory compared to its USD20,000 peak during Dec 2017.
Image source: coinmarketcap - BTC
Ethereum [ETH]
Ether's price remains around USD490, but most importantly we would like to see Ethereum's value going up against Bitcoin (ETH/BTC). Currently, prices hover around 0.06 ETH/BTC. Expectations are for ETH/BTC to at least double when many of the pre-ICOs, ICOs and smart contracts are fulfilled under Ethereum.
Image source: coinmarketcap - ETH
STEEM and SBD
On the Steemit platform, it is delightful to see STEEM and SBD rising strongly against USD as well as BTC to reach USD2.90. Similarly, SBD experienced a 50% gain reaching USD2.58. STEEM and SBD are once again largely due to big buys from the Korean trading markets, around USD55-60 million for STEEM and SBD each via UpBit exchange. Maybe our #kr friends here can explain why Steemit is gaining so much popularity in South Korea? 안녕하세요, 당신은 어떠세요? 왜 STEEM이 한국에서 그렇게 인기가 있습니까? (Courtesy of Google Translate)
Image source: coinmarketcap - STEEM
Image source: coinmarketcap - SBD
Top 5 Coin Gainers
Image source: coinmarketcap - Top 5 Gainers
Bitcoin Private [BTCP]
I also noticed Bitcoin Private increased by 100% in price. Bitcoin Private is a co-merged hard fork from Bitcoin and ZClassic Chain, with an additional layer of privacy for "the sender, recipient and other transactional metadata" (source: https://btcprivate.org/). Sitting at USD29.97, will prices shoot up to Bitcoin Cash levels or crash like Bitcoin Gold?
Image source: coincentral - Bitcoin Private
It gets more interesting and exciting everyday.