Uncategorized Bitcoin Hits a New All-Time High

Bitcoin Hits a New All-Time High


- Advertisment -

The digital currency bitcoin has reached a new all-time high, rising to $1,800 Thursday—surpassing Tuesday’s record $1,760.

CNBC reports that bitcoin rose more than $100 in just two days—namely thanks to recent comments from policy makers.

The price of bitcoin was trading at around $1,824 by early morning in London, according to Coindesk’s bitcoin price index, which CNBC cites. Since Monday, the market capitalization of bitcoin has risen over $3 billion to a whopping $29.53 billion.

The latest policy maker to credit for bitcoin’s price drive was Minneapolis Federal Reserve Bank President Neel Kashkari. According to CNBC, he talked up the potential of blockchain, which is the technology that bolsters the digital currency.

“I think sentiment has shifted in the markets, in the Fed,” Kashkari said at a technology conference in Minneapolis, according to Reuters. “I would say I think conventional wisdom now is that blockchain and the underlying technology is probably more interesting and has more potential than maybe bitcoin does by itself.”

Overall, the price of bitcoin has risen 81% since the beginning of 2017, according to CNBC.

Source link

Latest news

Facebook’s Digital Wallet Name is Changing – From Calibra becomes Novi

The renaming of its digital wallet, from Calibra to Novi, was decided by Facebook, almost a year...

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything other than bitcoin. According to experts, the main reasons are...

To Kill A Dragon – How To Build An Honest Alternative To Sharing Economy Industry

The sharing economy is big business. Platforms like AirBnB, Uber, WeWork, Upwork, and others in the industry...

3 Beginner Friendly Ways to Make Money with Cryptocurrency 2020

In this article, we will explain how to make money with cryptocurrency in 2020. These methods are...
- Advertisement -Bitcoin Hits a New All-Time High

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

Must read

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything...
- Advertisement -

You might also likeRELATED
Recommended to you