(TechnologyMagan) - It took just five days for bitcoin to rise from $6,000 to $8,000. Last Wednesday we reported that bitcoin had risen to $6,000 for the first time this year. On Monday, just five days later, bitcoin reached a new 2019 high of $8,000. As I write this one bitcoin is worth about $7,900.
Of course, Bitcoin reached a very high level at the end of 2017 and at the beginning of 2018. Bitcoin's current price is less than $ 8,000, which is more than half the $ 19,500 set in December 2017. Bitcoin price was at least $ 8,000 in July 2018.
As is often the case, the rise of bittoin is part of a comprehensive cryptocurrence boom. On Saturday, the price of Etherm Network's currency-ether went up to $ 200 for the first time in 2019. Other cryptoscarsis including Litkin, Betcone Cash, Monroe, and Dash are at or near the higher level of 2018.
Nevertheless, in recent weeks, Bitcoin has removed all these optional cryptocycransis. Bitcoin has doubled since the end of March.
I had written last week that there was no clear explanation for Bitcoin's sudden popularity with investors. It is still quite true today.
A recent news from the recent news came from Bucket, a digital asset exchange that shares a parent company with the New York Stock Exchange. Bucket announced on Monday that he will start user acceptance testing for Bitcoin futures contracts in July.
This is a step toward more mainstream acceptance of currency and can generate additional demand for bitcoin. But it is difficult to believe that this factor is responsible for a lot of major value profits last week.
There are also some signs of buying bitcoin purchases from large institutional investors. It can contribute to the price increase of bitcoine, but it is not clear why these buyers are interested in sudden bitcoin.
While the price of Bitcoin is increasing fast in recent times, it has not yet reached fever pitch at the end of 2017. In the 48 hours before the peak of December 2017, Bitcoin increased from $ 12,000 to $ 15,000 in less than 48 hours. . A few days later, Bitakouine hit the record value of all his time of $ 19,500, then crashed - the beginning of a year's recession that brought down the price from $ 4,000 by December 2018.