Bitcoin Price Hits another Record Breaking High

Bitcoin new records

Bitcoin prices hit a new all-time high in a single session after pushing past the $6,000 mark for the first time.

Just last week the world’s first developed cryptocurrency broke through the $6,000 mark, and again was seen breaking through new highs, trading at $6,306.58 in the CoinDesk Bitcoin Price Index. The previous record of $6,183 was set on October 21sts and was kept in those level for eight days.

In breaking the new record, the price of bitcoin is now up by more than 500 percent just this year, having climbed by just a close $1,000 in the first month of the year to the new high.

However, at present time, it remains uncertain as to just how much appeal there is to that would extend bitcoin prices above this mark at the moment. Hours after the milestone, prices inched down and later averaged at $6,166 across a selection of global exchanges.

Still, analysts have remarked that the increase comes at a time when bitcoin has never been more visible in the public eye, with business leaders and investment luminaries now discussing bitcoin in an almost daily basis.

Data from Google trends indicates that the searches for “bitcoin” and “bitcoin price” have also reached all-time highs, which suggests this exposure is perhaps a translating into a new awareness and investment in the protocol, now valued at more than $100 billion, according to data from CoinMarketCap.


Leave a Reply

Your email address will not be published.