Bitcoin reached a new record of $7,300 before dipping - [briefly]
05:39 PM EDT - Nov,02 2017 - post a comment
The most valuable cryptocurrency, Bitcoin, has smashed a new record for itself and any other cryptocurrency. After passing the dizzying height of $6,000 it has now pressed on to reach a whopping $7,341.84 as of 12 PM UTC on Thursday. As of writing the price is just under the $7,000 threshold and has a market cap of $115,577,159,155, or over $115 billion. The latest gain adds credibility to claims made by speculators who believe that the cryptocurrency will reach $10,000 or even $50,000. We have seen how big of a hit Bitcoin takes, however, when countries like China restrict its circulation; a couple months back the price dramatically tumbled after the Chinese government shut down some exchanges and stopped the executives of those companies from leaving the country.