There has been quite a remarkable price resurgence in the few months that bitcoin has shown up. This eventually resulted close to the record of the entire time high price after almost two years of the prices that actually plummetted. As per the rally that was recently out on the notoriously made the volatile cryptocurrency turned out to be a flurry of the institutional investment news which actually took the VTC close to the peak reach on the year 2017 on Delimit to the amount of $20,052 (£15,025). There are also many other cryptocurrencies such as Ripple, Ethereum, and Bitcoin cash which are also rising in price even if it remains a long way to reach the record.  

There has been a flash crash that was witnessed with an expected market to cool down. There was also some analyst that are still hoping to get some positive movement considering the Christmas approach. The key points that were noted were there was a remarkable loss of bitcoin for more than $2,000 in just a few hours. While the analysis of cryptocurrencies is hoping for the cool-off period. The price of the bitcoin seems to have plateaued for some time.  While cryptocurrencies have been seen hovering to the $17000 market after it got crashed within 24 hours. 

If we compare other major cryptocurrencies like Ripple, Ethereum, or Bitcoin cash, well they are said to have mirrored largely while leaving the market quite calm till now. Bitcoin is also called digital gold because of the finite nature that it offers the supply which is 21 million that it shall exist.