Bitcoin has hit $807
on Wednesday at just after 11.13 a.m. GMT (6.13 a.m. ET). It
is the first time bitcoin has been above $800 this year and
represents a fresh peak from June's high of $775:Markets
However, within a month of the $775 high, the price of bitcoin fell bellow $600 again. It began steadily creeping up again in mid-October and has gained momentum in recent weeks.
The June high came after a spike in the price of the cryptocurrency following Britain's shock vote to leave the European Union on June 28th.
Mati Greenspan, a senior market analyst at trading platform eToro, says in an email on Wednesday morning: "If not in the stock markets, the fears are showing up somewhere. It's been said before that Bitcoin is the new gold. So while gold shows absolutely no sign of acting like a barometer of fear, investors can start to look at this new shiny digital matter for guidance."
The price of cryptocurrency bitcoin has passed its 2016 peak in recent days, with some market commentators taking it as a sign of fears about global growth in 2017.
Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap
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Cramer: Bitcoin's futures launch is a 'very big victory' for the digital currency
The launch of Bitcoin futures on the Cboe Futures Exchange over the weekend was a "very big victory" for the digital currency, CNBC's Jim Cramer said Monday. Bitcoin futures, trading under the
Here's what bitcoin futures could mean for the price of bitcoin
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Litecoin Price Leaps 30% to New All-Time High
Litecoin price leaped by nearly a third on Monday, raising the sixth-largest cryptocurrency to a new all-time high.
For most of December, the litecoin price had traded between $90 and $100, but on
Bitcoin Analysis December 12, 2017
BTC/USD Bitcoin has been very volatile over the weekend, reaching as low as $13,000. However, after futures trading opened a, it became apparent that buyers were jumping into the Chicago exchange.
Ethereum Analysis December 12, 2017
ETH/USD Ethereum has been choppy over the last several days, as the weekend was noisy. Most of the interest around the world seems to be focused on Bitcoin and the reaction of the Chicagoâs
DASH and Litecoin Analysis December 12, 2017
DASH/USD DASH continues to be very choppy, forming a bit of a âW patternâ over the weekend. Because of this, I believe that we are eventually going to break out to the upside but a move above
BitGo Scores $43 Million as Crypto Goes Corporate
BitGo, the maker of multi-signature cryptocurrency wallets for enterprises, has closed a $42.5 million Series B funding round in a sign that demand has at last arrived for institutional-grade services