Brad Chillum
Bitcoin was a rocket on Sunday when the price strucked a new all-time high of $8100.
The evolution of the price is all the more spectacular, as Bitcoin has returned from $5500 – the price recorded last week.
Sunday began with bitcoin trading at just under $7,800 and stuck under the ceiling for most of the day. At 17:15, 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 this moment the price of bitcoin is $8065.
According to CoinMarketCap, bitcoin gained 31.7% in a 7-day span. The previous Sunday’s decline was caused by a major sell-off by investors who shifted to offshoot cryptocurrency Bitcoin Cash.
The price of bitcoin will continue to go up given the positive news that is currently being recorded.
A recent example is the statement of Malavika Nair of Troy University.
She said that:
Bitcoin it is definitely not a bubble.
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