Bitcoin Price Reaches $8,100, a New Record High
Bitcoin price has struck a new all-time high of $8,100 during Sundays trading, continuing its rally from the previous Sundays lows.
The worlds first cryptocurrency has hit a new record high of $8,100 (Bitfinex) as its resurgence from last weeks decline to $5,500, continues.
Sunday began with bitcoin trading at just under $7,800 and stuck under the ceiling for most of the day. At 17:15 (UTC), prices jumped above $7,900 in a 15-minute trading period. The swell turned to a spike which ended with bitcoin striking $8,100 at 18:15, a gain of over $300 in an hour.
At press time, bitcoin is trading to the dollar at $8,065.
Data from CoinMarketCap shows bitcoin now gaining 31.7% in a 7-day span. The previous Sundays decline was caused by a major sell-off by investors who shifted to offshoot cryptocurrency Bitcoin Cash, a trend that has since been reversed.
Overall, the total value of all mined bitcoin sees the market cap of bitcoin, the worlds most prominent cryptocurrency, and reach above $134 billion.
Data from CoinMarketCap shows bitcoin now gaining 31.7% in a 7-day span. The previous Sundays decline was caused by a major sell-off by investors who shifted to offshoot cryptocurrency Bitcoin Cash, a trend that has since been reversed.
Overall, the total value of all mined bitcoin sees the market cap of bitcoin, the worlds most prominent cryptocurrency, reach above $134 billion.
Perhaps, there is no more any reason for Bitcoin's price to fall of the wagon as all the reasons for its decline have all been over. There being no more foreseeable crises that may cause Bitcoin's decline, all Bitcoin investors may now presume that the price in the following days will follow a steady pattern on its way up.