Champion Once, Champion Always: Bitcoin Continues Posting Record Highs
Bitcoin continues posting new record highs on Thursday, proceeding its recent bullish run.
The cryptocurrency is down 1.51% to $4,451.00 at 11.20 a.m. BST (6.20 a.m. ET). That marks a new high for the currency, which has been on a tear since breaking through $4,000 early on Sunday morning.
Since the start of the year, Bitcoin has continuously been on a forceful bull run, gaining over 300% since January in the midst of renewed interest in the digital currency and blockchain technology more generally.
Other digital currencies continue to move inline with Bitcoin, which is the biggest cryptocurrency by market value. Bitcoin Cash, which was split off from Bitcoin proper at the start of the month, is up 0.17 against the dollar to $299.42 on Thursday morning.
The second biggest digital currency, Ethereum, is bucking the tendency. Ethereum is up 6.34% against the dollar to $320.35.
Mati Greenspan, an analyst at trading platform eToro who follows the crypto space closely, says in an email:
Crypto markets are back on their feet and forging new record gains. The market cap of all the cryptocurrencies in circulation reached a new high of $142.8 Billion earlier this morning.
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