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?
The idea and the concept of bitcoin are in the objective and purpose of improving the quality of transferring funds and avoiding hassle double spending transactions (between the receiver and the sender) without any third party; thus, it may pave its way to an internet-based innovation strategy for business transactions and operations. There, the need of a stable and known crypto such as Bitcoin may be necessary. In light with such opportunity, Bitcoin hodlers are at an advantage pace; because, it will yield to an increase of price again.