Thursday, May 30 - in the latest milestone of its renewed bull run, bitcoin today broke past $9,000, soaring to its highest price point in over a year.
Bitcoin broke the psychological price point of $9,000 earlier today, hitting a high last seen in early May 2018.
In recent days, bitcoin had been comfortably trading in the $8,600-800 range.
On the week, the cryptocurrency's gains have surged to a bullish 14.5%. Bitcoin 24-hour price chart.
Largest altcoin by market cap ether has seen a gentle gain of 2.25% on the day to press time to trade around $279. Ether has correlated with bitcoin's price surge, breaking above $285 earlier today.
The three outliers - eos, litecoin and native exchange token binance coin, ranked fifth, sixth and seventh largest coins by market cap respectively - are all reporting slight losses of below 1%. A major outlier in a green direction is eighth largest coin bitcoin SV, which has seen an almost 11% gain on the day to trade at $201.78 to press time.
The co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan has claimed that fake news circulating in China may be responsible for bitcoin sv's sudden recent price surge.
Other coins are seeing 24-hour gains of below 2%. To press time, the total market capitalization of all cryptocurrencies is at around $277.87 billion - having brushed $286 billion earlier today - with bitcoin dominance at 55.7%. Total market capitalization of all cryptocurrencies.
In a tweet today, Shapeshift CEO Erik Voorhees contrasted bitcoin's price performance with the tulip bubble - which is usually cited as a pejorative comparison by cryptocurrency skeptics.
"Tulips never re-emerged to hit new ATH's. Bitcoin does it every couple years. Anyone equating the two needs to explain this discrepancy."
Bitcoin Breaks $9,000 In Latest Landmark Price Point
gepubliceerd op May 30, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.