Bitcoin hits new all-time high – the $8,000 barrier is down

Bitcoin’s price is skyrocketing again, trading in all exchanges for above $8,000, even hitting $8,200 on November, 20th, 2017.

Just last week, the cryptocurrency was trading at around $5,600 level, after the community seemed divided over Bitcoin Gold and the fork that Bitcoin was about to go through.

The new all-time high was set after payment app Square, the brainchild of Twitter co-founder Jack Dorsey, said it was now allowing some customers to buy and sell Bitcoin on its Cash app, as reported by City A.M.

In addition, CME has also commented on the bitcoin futures products that are going to be launched in December.

Although some have slandered Bitcoin as a “fraud”, the cryptocurrency is up +909% from last year, according to Coinbase.  

Again, according to City A.M: 

“French bank BNP Paribas added to the growing number of voices today, saying that the rise of cryptocurrencies could undermine monetary policy and that the lack of central control could be risky. Bitcoin remains the highest valued cryptocurrency. Meanwhile Bitcoin Cash, the result of a fork in Bitcoin, was up one per cent at $1,183, keeping steady above $1,000 following a blip last Thursday when it fell to just over $900.” 

The following graph shows the 1-day trading specifics of Bitcoin on Coinbase:

Source: Coinbase

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