Bitcoin's Price Climbs Above $8,100 to Hit New All-Time High

in bitcoin •  last year

bitcoin-2665932_1920.jpg

Bitcoin's price rose above $8,100 for the first time on Sunday.

Data from CoinDesk's Bitcoin Price Index (BPI) indicates that the price climbed to $8,101.91 between 20:00 and 20:15 UTC. This move came after bitcoin – which toed the $8,000 line during Friday trading – crossed that threshold several hours earlier.

That the charge of bitcoin would surge above this peak changed into within the playing cards closing week, as turned into advised with the aid of analysis on the time. Conversely, last week noticed a few dramatic movements at the charge front, with markets losing under $6,000 best to recover days later. market commentary throughout the week became led, in part, through hypothesis around pending futures product launches and interest among institutional traders standard.

certainly, the pass confirms a opportunity floated with the aid of analysts from funding bank Goldman Sachs earlier this month. The firm's analysts have posted numerous forecasts in view that earlier this 12 months, extensively predicting some of the trends visible over the summer time.

As of press time, the rate of bitcoin has slipped lower back beneath $eight,000, trading at around $7,983.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Source: https://www.coindesk.com/bitcoins-price-climbs-8100-hit-new-time-high/

Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.

Some tips to share content and add value:

  • Using a few sentences from your source in “quotes.” Use HTML tags or Markdown.
  • Linking to your source
  • Include your own original thoughts and ideas on what you have shared.

Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.

If you are actually the original author, please do reply to let us know!

Thank You!