Bitcoin Reaches New All Time High, Again!

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Bitcoin

Bitcoin continues to break its own record!

Just a day ago, I remembered seeing all over the news how Bitcoin continues to prove its dominance in the crypto industry. While countries continue to impose more strict regulations toward cryptocurrencies and developed countries turned their backs on cryptocurrencies, here goes Bitcoin independently showing the real power of cryptocurrencies in today’s world. I wonder how China and Russia feel right now knowing that Bitcoin continues to soar high despite being bullied by those two big countries?

Yes, ladies and gentlemen, Bitcoin has unlocked another achievement just days after creating a buzz for reaching a new high price.

The price of bitcoin has hit yet another all-time high, passing above $8,200 for the first time.

As of press time, markets had hit a high of $8,241.30, according to the CoinDesk Bitcoin Price Index (BPI). The market high marks a continuation of the trend that began over the weekend when the price popped above the $8,000 level during Sunday trading.

The new high also marks the latest twist in the volatile cryptocurrency’s price moves in recent days. As previously reported, the price of bitcoin was trading near $6,000 just over a week ago, having previously fallen from nearly $7,900 before then.

At press time, the price of bitcoin is trading at roughly $8,226.

Other cryptocurrencies among the top-10 group by market capitalization have seen gains in the past day, including ether, which hit an 11-week high this morning on reports of a new regulated derivatives product built around the cryptocurrency.

via Coindesk


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