Bitcoin Price Hits $ 11K Less Than 24 Hours After Breaking $ 10K Mark

22. June – Bitcoin (BTC) has crossed the $ 11,000 line for the first time since March last year, according to Coin360. The leading cryptocurrency had risen past the $ 10,000 mark less than 24 hours ago.

Market visualization with Coin360

Bitcoin is approaching $ 11,100, occupied by almost 13 percent over the last 24 hours of printing time. At the same time, big alts have also increased, with ETH seeing a month over $ 300.

Bitcoin 7-Day Price Chart. Source: Coin360

Yesterday, on June 21, the professional trader Peter Brandt tweeted that the bitcoins prize is aimed at a goal of $ 100,000.

The note noted that bitcoin is in its fourth parabolic growth phase and is a market like no other:

"Bitcoin aims at $ 100,000 goals. $ Btcusd is experiencing its fourth parabolic phase dating back to 2010. No other markets in My 45 year trade has gone parabolic on a log chart this way. Bitcoin is a market like no other. "

Attached to the tweet, Brandt also published a table with data on the price rise of bitcoin. According to the data in the picture, from October 2011 to December 2017, bitcoin increased its value 9,765 times.

Among the responses to the post are many scams, publishing Brandt's counterfeit BTC and ETH gift cards. At least a of the scams is promoted through verified Twitter profiles.

In late May, the co-founder of blockchain investment firm Kenetic predicted that the price of bitcoin will rise as high as $ 30,000 by the end of this year.

Earlier this month, the founder and CEO of Digital Currency Group claimed it "seems to be coming out of a cryptic winter and we have entered our crypt" in an interview with Bloomberg.

But in an interview with Cointelegraph that same week, another industry commentator – ex-Wall Street executive and current blockchain researcher Tone Vay expressed skepticism about the crypto price being over.

Earlier this week, the cybersecurity firm Kaspersky Lab released the result of a survey showing that 19% of the population globally bought cryptocurrency.