Cryptocurrency
Bitcoin Is Rocketing Higher–Here’s Why via @Forbes
As reported by Forbes, “Bitcoin has again shot past $4,000 per bitcoin, giving fresh hope to long-suffering investors who have been stuck in a bear market for over a year—the second weekend in a row the bitcoin price has rallied. “The bitcoin price jumped from around $3,900 earlier today to over $4,100, according to the latest prices […]
As reported by Forbes, “Bitcoin has again shot past $4,000 per bitcoin, giving fresh hope to long-suffering investors who have been stuck in a bear market for over a year—the second weekend in a row the bitcoin price has rallied.
“The bitcoin price jumped from around $3,900 earlier today to over $4,100, according to the latest prices from Luxembourg-based bitcoin exchange Bitstamp, and pushed bitcoin’s market capitalization over $70 billion and the total value of all cryptocurrencies to over $140 billion.
“Bitcoin’s sudden price leap comes after a week of positive bitcoin news, with the confirmation of Samsung’s latest crypto-wallet supporting phone, tech billionaires talking bitcoin up, and approaching network upgrades.
“Meanwhile, the price of ethereum has also shot up, rising some 6%. Elsewhere, Ripple’s XRP, litecoin, and EOS made strong gains, adding around 5% each.
“The bitcoin price has struggled to break out of its long-running bear market so far this year, with investors and traders desperately trying to call a bottom to the tumbling market that’s seen the value of bitcoin and other cryptocurrencies fall by more than $400 billion in a little over a year.”