Market Snapshot – Bitcoin Is the Star of the Day

Bitcoin Prices Rocket Higher

The bitcoin prices have been continuing to skyrocket as the bulls seem to be on a roll over the last few days. Those who were hoping for a consolidation and a correction after the weekend have been left disappointed as there has been no such thing since the markets started this morning and the prices have since pushed through the $9500 region and so far, it appears that the $10,000 price region would only be a matter of time. ETH has also not been left too far behind as the prices of ETH have also been on the rise over the past few days and it looks as though the prices might push through to the $500 region in the short term, thus achieving their targets for the year. It has been a great few days for the bulls in both the markets but we are beginning to hear some worried voices who are warning of an impending fall.

Markets Expected to be Volatile

It is likely to be a volatile week in the markets as the dollar and the euro vie for attention. While the euro is waiting for some positive news from Germany, the dollar bulls are hoping that it would get a boost if and when the tax reform bill gets passed in the Senate. The dollar has been battered when the traders were away for the long weekend and it would hope to gain some love in the short term as the traders return.