Bitcoin Just Hit a New Record High; Crypto-Employment Is Also Up
Bitcoin just capped off another record-setting weekend, as prices reached the $6,300 plateau for the first time ever. There was no apparent reason for the latest surge, except that appetite for cryptocurrency remains elevated.
Bitcoin peaked at around $6,301 on Sunday, enough for a new all-time high. At press time, BTC/USD was up $404, or 7.1%, at $6,149. That gives bitcoin a market cap of roughly $101.6 billion, according to CoinMarketCap. There was no immediate catalyst for the weekend rally.
Bitcoin is a tad overbought, according to the Relative Strength Index (RSI). However, the oscillators should be used with caution when evaluating prices following a massive fluctuation.
The rally also rubbed off on Bitcoin Cash (BTH), whose developers turned their back on bitcoin in early August.
Jobs related to bitcoin are the fastest growing category on Freelancer, according to the company’s CEO. The international freelancer hub saw crypto-related job postings surge 82% in the third quarter. A similar trend was likely observed on Upwork, a slightly more professional version of Freelancer.
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