Bitcoin tagged by many as the currency of the future has continued to rise passing $9,000 for the first time.
Since setting this new high, prices climbed more or less steadily until finally passing $9,000 to hit a new record of $9,043.21.
Bitcoin’s amazing gains have helped drive the combined market value for all cryptocurrencies to yet another new high of $285 billion. Bitcoin’s market capitalization is now almost $151 billion.
Earlier this month broke the $7,000 for the very first time. This means that one Bitcoin as at then was equivalent to $7000. Today, it has shot way above $7,000.
The digital currency has experienced sharp gains at a time when interest in the broader cryptocurrency space has skyrocketed. So, the next target for bitcoin is to hit $10,000 which is the ultimate target.
On this, Charles Hayter, co-founder and CEO of digital currency platform CryptoCompare, said: “$10,000 is in the cards and bitcoin seems to be straining at the leash to reach it. Institutional flows will push it past the mark soon.”