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Bitcoin is approaching 10,000 dollars

On November 28, 2017, the price of a bitcoin reached the magic figure of 10,000 dollars.

At that moment

It seemed ridiculous; Bitcoin was this weird internet money that was not money and that cost about two hundred dollars per coin a year ago.

The second most popular cryptocurrency of the time, Ethereum, had an even crazier career: from about $ 10 at the beginning of the year to 480 dollars. Both cryptocurrencies continued to rebound before crashing well below those levels in 2018.

Now, Bitcoin is again on the verge of reaching 10,000 dollars, and Ethereum is very close to 300 dollars, for the first time in almost a year.

It is definitely a bullfight at this point, it is very different from the previous one. The market has matured; Institutional investors are more likely to invest in cryptocurrencies.

Bitcoin has solved some of the problems that affected it in 2017; Ethereum is on its way to a total revision of its core technology, which can be launched from the end of 2019.

A family run

But it is amazing how the current situation resembles that of the end of 2017. The price of Bitcoin took three months to rise from 3,000 dollars to 10,000 dollars.

At this time, the price of Bitcoin is 9,791 dollars according to CoinMarketCap. Three months ago, it was 4,083 dollars, and only four months ago, it was 3,393 dollars.

As in 2017, trade was choppy, with prices sometimes falling by more than 1,000 dollars in a matter of days. But the bearish periods were short, and the price quickly recovered.

Ethereum's growth has been a bit less explosive than in 2017, but largely followed a similar pattern. At the moment, the price of Ethereum is 286 dollars.

The price levels of 10,000 and 300 dollars

For Bitcoin and Ethereum, respectively, they are important psychological barriers, and not just because they are pleasant and complete.

Last time, those levels were when the effect of the "taxi driver" was in full swing: everyone was talking about Bitcoin; Coinbase was adding hundreds of thousands of users weekly. People who had never considered actions suddenly stocked up on Ethereum and other cryptocurrencies.

For Bitcoin and Ethereum, respectively, they are important psychological barriers, and not just because they are pleasant and complete.