BREAKING! : Bitcoin price is now trading above $8,000
The price of the world’s first and largest cryptocurrency sprinted to over $200 in the early trading hours of Tuesday (UTC) to hit a high of $8,043 (Bitfinex), a figure unseen since trading levels for the past 2 months.
Bitcoin is trading to the dollar at $8,018 as at the time of this release after days of sustained momentum that sees the value of the cryptocurrency make gains after hitting a 2018-low of $5,755 on June 24, a month ago to the day.
Key to bitcoin’s resurgence is the uptick in daily trading volumes with data from Bitfinex showing over $350 million in the BTC/USD trading pair over a 24-hour period.
While bitcoin is still down over 50 percent from 2018’s high above $17,200 in January, its value has gained nearly 20% in a 7-day trading period.
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