Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
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Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise?
There are many reason why the price of bitcoin rises, great example would be the validation of bitcoin as a currency or mode of payment on some companies and business establishments. As a result of that occurence, the demand rises as the investors buys bitcoin in a continous rise of price. Good news are also part of increasing price of bitcoin because it attracts more investors since we are on a crash these past few months.