It seems the over one year old cryptowinter is drawing to a close as Bitcoin blockchain saw the highest number of confirmed transaction in 12 month.
On 28th March, 2019, Bitcoin blockchain received the highest confirmed transaction in the trailing 12 month, confirming that the cryptowinter appears to be ending. At the end of the day, Bitcoin Blockchain had 383,186 confirmed transactions, the highest in the last 12 months.
As at the time of writing, Bitcoin is trading around $4,086, with a market cap of $71.9 billion and a 24hr volume of $9.7 billion. Note that Bitcoin dominance a bit above 50%.
When Will Bitcoin Go Out of This Mess?
On December 17, 2017, Bitcoin had an all time high price of $20,089 as against the July 5, 2013’s all time low of $65.53USD. Yesterday, Bitcoin surged to over $4,000 after adding $102.82 to its value in a surprising crypto return.
Since December 14, 2018, Bitcoin has been swimming between bears and bulls. The digital asset finds it hard to go past the $4000 mark, which analysts say anything around $4,200, marks the beginning of bull run.
Experts say there is a high possibility that Bitcoin goes 5 times its present value, a price that is more than $100K. Among the crypto analyst, we have those who believe Bitcoin can go as high as $400K.
North Korea HODLs Crypto (BTC and altcoins) Illegally
Meanwhile, a report by a United Nations Security Council panel of experts has inferred that North Korean government is circumventing sanctions with the use of cryptocurrency.
The report indicates that North Korean hackers have stolen $0.5 billion from crypto exchanges across the globe.
“The Panel notes a trend in the Democratic People’s Republic of Korea’s evasion of financial sanctions of using cyberattacks to illegally force the transfer of funds from financial institutions and cryptocurrency exchanges.”