Cryptocurrency markets continue to evolve at a rather surprising pace. Especially the Bitcoin price is shattering records left, right, and center these days. After only setting a new all-time high Bitcoin price of over $8,500 last night, the price is still rallying and even surpassed $9,000. It is evident this bull run will not stop anytime soon either, as there is a very good chance we will hit $10,000 pretty quickly.

Bitcoin Price is Dominant

No one can deny the Bitcoin price has a good run throughout 2017. Although it has been documented multiple times over, the same currency was worth just over $1,000 ten months ago. A lot has changed since January, and the Bitcoin price continues to amaze the entire world. Despite negative remarks from financial experts and associations with “tulip mania”, the Bitcoin price isn’t slowing down whatsoever. Nor will that happen, until the five-digit price milestone is reached for the first time.

After all, a lot of people are wondering when the Bitcoin price will effectively surpass $10,000. At this rate, that shouldn’t take much longer, but it is still too early to tell when the next Bitcoin price correction will arrive. Despite what some people might expect, this massive price growth will not pass without a very sharp correction. It may even occur before year’s end, but right now, the markets are far too irrational to make any calculated decisions on that front.

At the same time, one has to admit a Bitcoin price of over $9,000 is a proper justification of what most of us have believed in for many years now. About three years ago, this currency was worth around 1/30th of what it is today. The growth rate is certainly indicative of a major bubble waiting to collapse, but it remains to be seen whether or not that will effectively happen. There are a few other bubbles in cryptocurrency which will burst well before something dramatically happens to the Bitcoin price.

Thanks to over $4.57bn in 24-hour volume, the Bitcoin price may easily surpass $9,250 before this weekend is over. The demand for the world’s leading cryptocurrency is genuine by the look of things. There is still the Tether “scandal” looming overhead, which may have a very bad impact on the Bitcoin price in a few months from now. It will all heavily depend on how legitimate that particular project and whether or not they have enough financial assets to back up their USDT in circulation.

As has been the case pretty much all year, Bitfinex dominates the Bitcoin trading volume right now. In fact, its lead over Bithumb has grown, but it is not unusually big either. This $125m gap can be bridged with relative ease, although most Bithumb traders prefer to trade altcoins such as Dash and Ethereum right now. GDAX completed the top three, and we also see bitFlyer and Bittrex in the top 5 with over $100m worth of trading volume. All signs point toward even more Bitcoin price gains right now, that much is rather evident.

All things considered, the end of 2017 may prove to be rather spectacular for the Bitcoin price watching community. Reaching $10,000 is still a very real possibility, assuming the trading volume keeps up and there is no scandal involving Tether. The industry is firing on all cylinders and business is still picking up as we speak. How all of this will play out in the long run, remains to be determined.For now, things look good, but the momentum can always change on a whim’s notice.