Bitcoin Price Reaches $8100, a New Record High — Newsflash

The market price of Bitcoin has been volatile in recent weeks following the cancellation of a technical upgrade known as SegWit2x, aimed at increasing transaction speeds. As tens of billions of dollars flow into the market at a rapid pace, the price of bitcoin will likely surpass the $10,000 mark with ease at this rate. This market has a lot of positive momentum right now, although it remains to be seen how things will play out.

Katsunori Sago, the chief investment officer at Japan Post Bank, recently said bitcoin's fair value should be around $100.

First enters have already began, with the transfer border Custody users to institutions "with $10M or more in deposits".

Bitcoin easily surged past $8,000 over the weekend and looks headed to repeat the records in the coming week.

At this moment in time, regardless of its classification, the cryptocurrency is worth nearly eight times the value of gold. Bitcoin has seen itself classified as a commodity by some markets due in part to its volatility. If they would hold onto their altcoins, those would appreciate in value as well and result in nearly equal profits. The CME Group noted on its website.

Rebecca Campbell is a freelance bitcoin and blockchain journalist based in England.

Bitcoin's latest milestone sparked a wave of optimism across the main cryptocurrencies as rose to $1,194, up 1.47% while fell 3.57% to $158.31.

However a recent poll conducted by Nicholas Colas at DataTrek Research, has found that traders are very much confident in the token, with only 39 per cent recognising the signs of a bubble. Then again, no one can argue with the Bitcoin price trend recorded throughout 2017 so far.

Still, interest in the new coin is still there.

Bitcoin started the year just above $1,000, and the overall growth now is approaching 850 percent. Several hours earlier, the price had crossed $8,000 threshold. She has a keen interest in the blockchain space and the use cases the technology is being in and is excited to see what new changes the distributed ledger brings to our day-to-day lives.

(Derechos de autor © 2015. Todos los derechos reservados.)
 
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