Bitcoin Swings For The Fences: $3675+
Bitcoin prices continue to climb, notching fresh highs as the broader cryptocurrency space keeps gaining momentum.
The world’s largest cryptocurrency by market capitalization reached as much as $3,646.87 today, according to the CoinDesk Bitcoin Price Index (BPI), helping the digital asset set an all-new high.
This price represented a roughly 275% year-to-date increase.
“It’s an incredible bull trend,” said Petar Zivkovski, COO of leveraged cryptocurrency platform Whaleclub.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Going forward, some market experts are quite optimistic about Bitcoin’s prospects.
Iqbal Gandham, UK Managing Director at eToro, a multi-asset broker and social trading company, offered a bullish perspective:
“[Bitcoin’s] ecosystem is getting stronger,” he said. “You now have more places to spend Bitcoin, more evening meetups discussing how to work with Bitcoin and other [cryptocurrency] assets.”