Bitcoin and altcoins grow a little after recent plunges

Bitcoin is growing again after reaching $7500 this weekend, as recorded by data portals similar to Coinmarketcap. At the press time, it costs $8,318.03, gaining +8% in 24 hours.

Most major altcoins, or digital currencies which can potentially serve as an alternative for Bitcoin, are growing as well. Over 90 most capitalized cryptocurrencies have gained from 1 to 20 percent in the last 24 hours. The first coin breaking the combination of growing assets is TenX - the token of the project which offers to convert Bitcoin into regular money by using special brand credit cards. For unknown reasons it lost 5 percent.

Observers at one of the most-read financial outlets in the world remind about the upcoming G20 summit which might easily influence the whole market capitalization: there will be discussions dedicated specifically to the issue of digital currencies. Mark Carney, leader of the Financial Stability Board, told that digital currencies do not pose financial risks for the world financial system yet, which might have accelerated the growth of the market.

Meanwhile, Tom Lee from Fundstrat predicts $90,000 for one Bitcoin by March 2020. He backs his prediction by telling that he analyzed the patterns of the price movement in the past. Sheba Jafari from Goldman Sachs who analyzed the patterns as well does not exclude Bitcoin reaching $5900 in the short term.