Bitcoin surprised the market over the weekend as it gave a glimpse of what might happen in the next weeks or months. The Bitcoin price traded above $5,000 for the first time, with OKCoin registering the highest price at $5,149. Also creating a buzz was Litecoin, with its reaching a milestone price above the $90 level.
Bettors who decided to put aside their winnings last August can make the most out of the new record high of the two cryptocurrencies—or at least the likelihood for the prices of these two to grow even more. There are many Bitcoin casinos that give players a chance to make their bankroll grow.
New record-high price for Bitcoin and Litecoin
Based on crypto exchanges, Bitcoin hit $5,000 on Sep. 2, but it was only for a brief time as it plunged to the $4,900 level not long after. This is an impressive feat since the price was only around $4,340 to $4,400 in the past weeks. There was even a decline that reached the $3,900 mark, with the Bitcoin price pegged at $3,000 only before last month.
Bitcoin is getting more credibility from mainstream sources than before. There are more investors now who consider Bitcoin as a credible asset. What is more, the number of traders in the Asian markets keeps growing as well. These three factors push the Bitcoin price.
At the same time, Litecoin is in the spotlight this weekend as it reached $90 on the same day. This is a record high for a cryptocurrency that was priced at around $60 to $64 last week. The price dropped the following day, though, but it is still trading at around $74 to $77 as of this time in writing.
There is resurgence in Litecoin when the community switched to activate Segregated Witness or SegWit for its network in May. SegWit added a scaling solution to the network as well as other features to the network. This includes smart contracts which are similar to the Ethereum network.
High payouts in online casinos
Players who got a large payout on their sports bets or casino games in August will enjoy the surging price of Bitcoin and Litecoin. Their patience will reward them with additional cash since the value of their bankroll grew this weekend.
There is still a good opportunity for any players to reap the high value of cryptocurrencies today. Many big named casinos are offering progressive jackpots that still contain a large amount of altcoin. The progressive jackpot amount continues to grow and will not decline as the price of Bitcoin grows. Casinos that offer these jackpots include FortuneJack and Betcoin.ag.
Bettors can also enjoy the value of Bitcoin by wagering on their favorite sports through sportsbooks that accept the crypto currencies. These sportsbooks include Bet365 and Sportsbet.io. There are also esportsbooks that provide the best odds for esports tournaments. BetEast and other betting sites powered by UltraPlay are the ones to look for when wagering on any upcoming esport event.