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Bitcoin price today, May 8: After falling for the past few days, cryptocurrency price has started rising again. The BTC price has now touched USD 99,300 Mark as of 10:14 AM IST and is likely to cross USD 1,00,000 valuation soon.
The cryptocurrency's price started rising from 01:05 AM IST, and the graph shows that it began to go upwards without any significant fall. With this rate, Bitcoin may sustain the USD 1,00,000 or above price in the future.
After falling for the past few days, cryptocurrency price has started rising again. The BTC price has now touched USD 99,300 Mark as of 10:14 AM ET and is likely to cross USD 1,00,000 valuation soon.
The cryptocurrency's price started rising from 01:05 AM ET, and the graph shows that it began to go upwards without any significant fall. With this rate, Bitcoin may sustain the USD 1,00,000 or above price in the future.
The cryptocurrency price fell sharply after touching the USD 1,00,000 valuation on Friday. The cryptocurrency slipped below the crucial price level of USD 90,000, and it went down to as low as USD 87,000.
However, the cryptocurrency managed to recover somewhat in the past few days, and it slipped back above the USD 90,000 price level on Monday.
The cryptocurrency price is now testing the crucial price level of USD 1,00,000 again, and it could break through this level in the coming days.
The cryptocurrency is up more than 125% in the past year, and it has been one of the best-performing assets. The cryptocurrency is often used as a hedge against inflation, and it has soared in recent months as inflation has remained high.
The cryptocurrency is also used as a safe-haven asset during times of economic uncertainty. The cryptocurrency price pulled back sharply in March after the collapse of Silicon Valley Bank sparked fears of a wider banking crisis. However, the cryptocurrency price has managed to recover since then, and it is now trading at all-time highs.
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