I have clearly mentioned in my last post that the bitcoin is simply unstoppable. Now it is already worth slightly more than $4000 and in no time it will ski beyond $5000. Better make a move a trade in quickly.
Bitcoin hits another record high; value has risen over $15 billion in one week alone
• Bitcoin hit a fresh record high on Monday of $4,251.02.
• More than $15 billion has been added to bitcoin's market capitalization in the last week.
• Strong demand from Japan, geopolitical tensions, and rising institutional investor interest is driving the price of bitcoin higher.
Bitcoin hit a fresh record high on Monday, continuing the rally from the weekend thanks to strong Japanese demand.
The price of bitcoin hit $4,251.02, setting a fresh all-time high, surpassing the record $4,225.40 hit on Sunday, according to data from industry website CoinDesk.
In the last week alone, bitcoin has added over $15 billion in market capitalization. And year-to-date, bitcoin is up over 320 percent.
Bitcoin crossed the $4,000 mark at close to 1.00 a.m. on Sunday. It has kept rising on Monday, reaching an all-time high of $4,250 per coin at close to 10.00 a.m. BST on Monday.
Elsewhere in the cryptocurrency space, Bitcoin Cash, the new cryptocurrency that was split off from bitcoin at the start of the month, is also rallying strongly.
Bitcoin Cash is up 2.88% to $307.