Is Bitcoin In A Bubble? Price Surpasses $7,400 – Nov 3rd Cryptocurrency News

Bitcoin continues to hit record highs as it climbed past $7,400. It gained more more than 5% over the past 24 hours. Bitcoin continued to surge over the past three months. Panic broke out at the beginning of September after China announced its crackdown. We saw Bitcoin plummet all the way below $3,000 on September 15th, but it was able to regain its strength and move higher. Bitcoin’s market cap is over $124 billion.

What do you think of the price of Bitcoin? There is a big debate going on globally whether or not bitcoin is a bubble or not. JPMorgans CEO is one of the most famous Bitcoin haters who has warned that it is a big bubble that will burst. And of course there are those who are sitting on the fence. CME’s has decided to offer bitcoin futures by the end of this year. Its CEO Terry Duffy said on Bloomberg “I’ve seen a lot of different bubbles over the last 37 years he said on Bloomberg TV. “It’s not up to me to predict if it’s a bubble or not — what I’m here to do is to help people manage risk.”

Now let’s take a look at some other cryptocurrencies that are in the green today. Bitcoin Cash remains in third place with a market cap of over $11 billion. Bitcoin Cash continues to surge. It gained more than 20% over the past 24 hours, climbing all the way past $680. The last time we saw it climb to this level was on September 8th. On August 19th it hit a record high when it surpassed $900, so will it be able to maintain this momentum and hit a record high in November or will it we a price drop? Ripple is in 4th place with a market cap of close to $8 billion. It gained more than 10% over the past 24 hours.

Is Bitcoin In A Bubble? Price Surpasses $7,400 – Nov 3rd Cryptocurrency News

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Kane Dane