All-time high for Bitcoin once again. Next step 10000 Dollar? Strong buying despite problems in the key technic parameters of the oldest crypto.
The price of a Bitcoin exceeded its previous all-time high again today. Seemingly shrugging off doubt over its position as top-dog in the cryptocurrency world, the going rate of each unit of the digital currency reached an unprecedented $7900 according to market. This puts it ever-closer to the next major psychological milestone of $8,000.
As Bitcoin’s loss over the weekend was undoubtedly Bitcoin Cash’s gain, the reverse has been the case since. Money has poured back out of BCH and into BTC, driving the price per unit on the original chain to all-time highs, and the price of Bitcoin Cash down much closer to its pre-hard fork shenanigans price of near $600. On Sunday, the alternate version of Bitcoin reached its own all-time high point of almost $2,500. It sits at just over $1,000 at the time of writing.
With the bull run continuing and increased institutional money on the way thanks to the CME Group Futures market which should be online in mid-December, even today’s all-time high might not be the last of 2017. Only time will tell just how high the price can reach this year and beyond.