Bitcoin Hits Record High Once More at $5865

Popular cryptocurrency Bitcoin soared to a high of $5,856 last Thursday before settling at around $5600.

It has now made an additional climb of approximately $1000 from the start of the week, and a fivefold increase from the start of the year. The 480% rise throughout 2017 emboldened investors despite warnings from analysts on the market’s impending collapse.

Head of APAC Business Development for Gatecoin Thomas Gluckman said that they expected Bitcoin to hit $5000, and expect it to cross $6000 by year’s end.

Along with Bitcoin, other cryptocurrencies maintained strong performances, indicating that the market may have recovered from China’s action against digital currencies.

Source: Gigabit

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