Bitcoin Blasts Past $7000 As Banking Exec Says Cryptocurrencies Are ‘Very Definition Of A Bubble’
It was an eye-opening moment when Bitcoin set a new record by surpassing $4,000 for the first time in August. Now, only even three months later, Bitcoin has shot past $7,000 per coin. On Thursday morning, Bitcoin reached a new all-time high of $7,355.35 and is currently hovering around $7,000 at time of publication according to CoinDesk’s Bitcoin Price Index.
After posting record highs on consecutive days, Bitcoin is up over 20% percent for the last 7 days, and its market capitalization is over $116 billion. For the year, Bitcoin has been on a miraculous ride, increasing over 600% against the dollar in 2017. But what happened after defied most predictions.But it’s not just Bitcoin enjoying bewildering success, the value of all cryptocurrencies is now at a record high of more than $190 billion.