Looks like we have set a new ATH at $1,377

zikel

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Quote from: hase0278 on May 03, 2017, 04:03:01 AM

Quote from: Aikonio on May 02, 2017, 05:24:40 AM

Quote from: hase0278 on May 02, 2017, 03:48:00 AM

Quote from: jtipt on May 01, 2017, 10:12:18 PM

Anyway let's throw a party at every 500 mark, so the next being at $1500 Cheesy

The price right now of bitcoin is at 1488 US Dollars according to preev and it seems like the 1500$ mark might be reached tomorrow or in the coming days before saturday unless there will be a dump that will happen that is more likely to happen soon specially now that the price is high. I just really do hope no dumps will happen in the next few days until saturday.

I believe that bitcoin will reach $ 1500 in the next few days, and then there may be a price reduction. A decrease in should sometime happen for balance.

There is a slight decrease in price that happened today but for now it is still continuing it's upward movement again. The price of bitcoin right now is 1450 US Dollars and let's hope this rise continues for now and if price really continued to go upward in the next few days, we would see 1500 US Dollar price in the next few days and if not, we might see lower prices than 1400 US Dollars.

And from what such jumps of the price in the market can depend? Or are they manually adjusted? Just do not understand why and why. In summer there may be a generally strong decline due to holidays.

hase0278

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Quote from: Aikonio on May 02, 2017, 05:24:40 AM

Quote from: hase0278 on May 02, 2017, 03:48:00 AM

Quote from: jtipt on May 01, 2017, 10:12:18 PM

Anyway let's throw a party at every 500 mark, so the next being at $1500 Cheesy

The price right now of bitcoin is at 1488 US Dollars according to preev and it seems like the 1500$ mark might be reached tomorrow or in the coming days before saturday unless there will be a dump that will happen that is more likely to happen soon specially now that the price is high. I just really do hope no dumps will happen in the next few days until saturday.

I believe that bitcoin will reach $ 1500 in the next few days, and then there may be a price reduction. A decrease in should sometime happen for balance.

There is a slight decrease in price that happened today but for now it is still continuing it's upward movement again. The price of bitcoin right now is 1450 US Dollars and let's hope this rise continues for now and if price really continued to go upward in the next few days, we would see 1500 US Dollar price in the next few days and if not, we might see lower prices than 1400 US Dollars.

Aikonio

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Quote from: hase0278 on May 02, 2017, 03:48:00 AM

Quote from: jtipt on May 01, 2017, 10:12:18 PM

Anyway let's throw a party at every 500 mark, so the next being at $1500 Cheesy

The price right now of bitcoin is at 1488 US Dollars according to preev and it seems like the 1500$ mark might be reached tomorrow or in the coming days before saturday unless there will be a dump that will happen that is more likely to happen soon specially now that the price is high. I just really do hope no dumps will happen in the next few days until saturday.

I believe that bitcoin will reach $ 1500 in the next few days, and then there may be a price reduction. A decrease in should sometime happen for balance.

Reid

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I hope it will be cemented in $1300.
If that is true that the ETF thing is the real reason behind then I think it is good. But arent there any more reson?
Something like we are growing in numbers of users or maybe a lot of investors are coming? Could also be some owners use bitcoin as a means of payment for their advertisements.
How could it be just that one reason?

hase0278

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Quote from: jtipt on May 01, 2017, 10:12:18 PM

Anyway let's throw a party at every 500 mark, so the next being at $1500 Cheesy

The price right now of bitcoin is at 1488 US Dollars according to preev and it seems like the 1500$ mark might be reached tomorrow or in the coming days before saturday unless there will be a dump that will happen that is more likely to happen soon specially now that the price is high. I just really do hope no dumps will happen in the next few days until saturday.

ASHLIUSZ

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Quote from: pitham1 on May 01, 2017, 09:54:23 PM

Quote from: Pearls Before Swine on April 30, 2017, 07:09:33 PM

Don't know exactly which exchange to look at as far as the price goes. My little cell phone wallet uses Bitstamp, and right now it's at $1349, but some people are saying it's way over that. This is like Mt. Cocks in 2014 all over again.

When we get to $1400, then we'll throw a party, eh? The thousand marks are the milestone ones.

Try looking at coinmarketcap. It gives a weighted average price across exchanges. And it excludes exchanges which have zero transaction fees.
The price is well and truly over $1400. You can start your party.

Yeah, the price in most of the exchanges is just an average and just the bitfinex has quoted a big variation in price. On this I believe it's good to concern on the exchanges that provide the best out of it as bitfinex is encountering few flaws and withdrawal suspension.

jtipt

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Quote from: Pearls Before Swine on April 30, 2017, 07:09:33 PM

Don't know exactly which exchange to look at as far as the price goes. My little cell phone wallet uses Bitstamp, and right now it's at $1349, but some people are saying it's way over that. This is like Mt. Cocks in 2014 all over again.

When we get to $1400, then we'll throw a party, eh? The thousand marks are the milestone ones.

Well uh, 1400 isn't a thousand mark. Thousand marks are 1000 2000 3000 and so on. A 1400 would be a hundred mark lol. Anyway let's throw a party at every 500 mark, so the next being at $1500 Cheesy

pitham1

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Quote from: Pearls Before Swine on April 30, 2017, 07:09:33 PM

Don't know exactly which exchange to look at as far as the price goes. My little cell phone wallet uses Bitstamp, and right now it's at $1349, but some people are saying it's way over that. This is like Mt. Cocks in 2014 all over again.

When we get to $1400, then we'll throw a party, eh? The thousand marks are the milestone ones.

Try looking at coinmarketcap. It gives a weighted average price across exchanges. And it excludes exchanges which have zero transaction fees.
The price is well and truly over $1400. You can start your party.

hase0278

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Quote from: Pearls Before Swine on April 30, 2017, 07:09:33 PM

Don't know exactly which exchange to look at as far as the price goes. My little cell phone wallet uses Bitstamp, and right now it's at $1349, but some people are saying it's way over that. This is like Mt. Cocks in 2014 all over again.

When we get to $1400, then we'll throw a party, eh? The thousand marks are the milestone ones.

It's kinda near that target since according to preev.com the price is 1393 US Dollars which is I hope will continue to head to new all time highs and not dump that easily. If you don't know exactly which exchange to look when price is concerned I think it is better to look in preev because it shows the average of what bitcoin price really is now. I always use it because the bitcoin wallet I use shows the local currency conversion of bitcoin to Philippines.

Pearls Before Swine

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Don't know exactly which exchange to look at as far as the price goes. My little cell phone wallet uses Bitstamp, and right now it's at $1349, but some people are saying it's way over that. This is like Mt. Cocks in 2014 all over again.

When we get to $1400, then we'll throw a party, eh? The thousand marks are the milestone ones.

2017Bubble

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BitFinnese

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Quote from: Weatherby on April 30, 2017, 05:58:22 PM

Quote from: ?? on ??

Bubble woo hoo!

Every price increase is a bubble and every drop is a burst and as far as economics and trade goes it was like that for centuries and what is special now in the price of bitcoin is that traders are positive with the review of SEC and so we are seeing another bull run which is able to break new records and looking at this rally i can very well say that it will cross $2000 if ETF is approved.

I still believe bitcoin will attain another ATH in just a short period of time. There is a promising development coming this June. Smart contract for bitcoins. This will surely create another hype after this review of SEC which probably will not change anything at all. Aside from that some state is considering bitcoin as money, if i recall it is West Virginia.

sikke

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To be honest, last time I have heard from many people that they expect the bitcoin bubble to pop once again.
I could not believe such a predictions, but I have to say that after this strange and fast price increase from 1250$ to 1377$ (All-time high) Im not sure if I have not changed my mind.

Personally, I think that BTC is currently overvalued. It is because there are way too many problems with the working of network. In the event of a really big spam attack, you can pretty much cluster the network so hard that it is not going to be useful for anyone.
With a big amount of users, the thing will be the same. We need solution, then we should think about achieving higher and higher prices.

Weatherby

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Quote from: ?? on ??

Bubble woo hoo!

Every price increase is a bubble and every drop is a burst and as far as economics and trade goes it was like that for centuries and what is special now in the price of bitcoin is that traders are positive with the review of SEC and so we are seeing another bull run which is able to break new records and looking at this rally i can very well say that it will cross $2000 if ETF is approved.

ImHash

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Now could you imagine SW activated bitcoin and miners able to include double the current transactions and even more into each block?
I think it's safe to say we definitely need SW to be activated after seeing what kind of people are supporting BU, for me now everything they have ever said about SW and what it does and what it doesn't is nothing but lies.
only if those pools which are currently mining without signaling for any of the available proposals start signaling for SW I bet we could see $1500 by the end of May.

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Quote from: 1Referee on April 30, 2017, 06:18:25 AM

Quote from: LFC_Bitcoin on April 30, 2017, 05:33:48 AM

Quote from: QuestionAuthority on April 29, 2017, 12:11:20 PM

Speculators are going ape shit on a rally. Remember in 2010-11 when speculators blew gold up from $1,050 to over $1,900, then it went right back down to $1,050? When you look at the Bitcoin price think gold 2.0.

Not sure about that, gold has been around & been traded for centuries. Bitcoin is relatively new & has a far, far higher potential for huge growth than gold.

You don't get his point. It's the speculation that's the main driver for the price as Bitcoin is still a speculative investment option. In that regard, despite the potential that Bitcoin has, the price can easily go down HARD as easily as it goes up HARD. Bitcoin is basically Gold 2.0, and both assets are being used to hedge whatever people think will make them lose out big time. In case of Bitcoin, many aspects offer speculators a massive feeding ground.

Wow, an intelligent poster on this forum! I may have a heart attack from the shock.

1Referee

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Quote from: LFC_Bitcoin on April 30, 2017, 05:33:48 AM

Quote from: QuestionAuthority on April 29, 2017, 12:11:20 PM

Speculators are going ape shit on a rally. Remember in 2010-11 when speculators blew gold up from $1,050 to over $1,900, then it went right back down to $1,050? When you look at the Bitcoin price think gold 2.0.

Not sure about that, gold has been around & been traded for centuries. Bitcoin is relatively new & has a far, far higher potential for huge growth than gold.

You don't get his point. It's the speculation that's the main driver for the price as Bitcoin is still a speculative investment option. In that regard, despite the potential that Bitcoin has, the price can easily go down HARD as easily as it goes up HARD. Bitcoin is basically Gold 2.0, and both assets are being used to hedge whatever people think will make them lose out big time. In case of Bitcoin, many aspects offer speculators a massive feeding ground.

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Quote from: BTCLovingDude on April 30, 2017, 05:56:31 AM

Quote from: defined on April 29, 2017, 12:13:58 PM

Price difference from preev to bitcoinaverage to poloniex has set a new ATH.

number of people quoting bitcoin price versus dollar from poloniex has reached an ATH and i don't even know why!
because if any of you who are quoting bitcoin price from poloniex have ever traded in that exchange or bothered to pay a little more attention to details you would have noticed it is not dollar value that you are quoting!

For determining ATH just use some unbiased and fully operational exchanges. I would recommend Gemini or BitStamp for USD and Kraken for EURO prices.
Bitfinex, Poloniex and top chinese exchanges are not the best source of real price IMO. Just like Mt.Gox wasn't good indicator of ATH in 2013.
Using local exchanges as price indicator is not good either, they usually have low trading volume and therefore lag in prices.

AjithBtc

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Quote from: LFC_Bitcoin on April 30, 2017, 05:33:48 AM

Quote from: QuestionAuthority on April 29, 2017, 12:11:20 PM

Speculators are going ape shit on a rally. Remember in 2010-11 when speculators blew gold up from $1,050 to over $1,900, then it went right back down to $1,050? When you look at the Bitcoin price think gold 2.0.

Not sure about that, gold has been around & been traded for centuries. Bitcoin is relatively new & has a far, far higher potential for huge growth than gold.

Yeah gold which took years and years to reach such a high position is reached in a short time period by bitcoin. But the market fluctuations were not the same with gold and bitcoin. Even now with this price the market share has dropped to 61% as stated in one of the quote. These need to overcome, which is possible only when the volatility decreases.

BTCLovingDude

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Quote from: defined on April 29, 2017, 12:13:58 PM

Price difference from preev to bitcoinaverage to poloniex has set a new ATH.

number of people quoting bitcoin price versus dollar from poloniex has reached an ATH and i don't even know why!
because if any of you who are quoting bitcoin price from poloniex have ever traded in that exchange or bothered to pay a little more attention to details you would have noticed it is not dollar value that you are quoting!

LFC_Bitcoin

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Quote from: QuestionAuthority on April 29, 2017, 12:11:20 PM

Speculators are going ape shit on a rally. Remember in 2010-11 when speculators blew gold up from $1,050 to over $1,900, then it went right back down to $1,050? When you look at the Bitcoin price think gold 2.0.

Not sure about that, gold has been around & been traded for centuries. Bitcoin is relatively new & has a far, far higher potential for huge growth than gold.

Hydrogen

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Quote

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

I don't know if that matters, I doubt anyone keeps up with that. No one expects the SEC to change their mind which makes it irrelevent to pay attention to.

Billionaires like Elon Musk and Mark Novogratz coming out in support of bitcoin could be the real reasons for the ATH.

dinofelis

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The remarkable thing is that at the same time, bitcoin reaches an ATL in crypto currency market share:

http://coinmarketcap.com/charts/#btc-percentage

At this moment: 61%.

BitcoinNewsMagazine

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Bitcoin has not made a real new ATH until Bitstamp price breaks $1350 to confirm.

Baofeng

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Quote from: Slark on April 29, 2017, 01:12:07 PM

Quote from: ePesoInitiative on April 29, 2017, 12:22:21 PM

I don't think the Bitcoin ETF has any major effect on Bitcoin prices.

ETF news has always some influence. Investors are pleased that SEC is giving ETF another shot so soon. It might mean something.
Do you remember how BTC price was skyrocketing the day before previous 'final date' of Coin ETF evaluation?
We have similar situation now.

Looks like it could have influence the price of bitcoin right now. I remember the Coin ETF back in March and we have this kind of situation before. In anticipating of the ETF approval?(rejection) the price of bitcoin rose to set ATH that time. Maybe we are also having the same effect. But excuse my ignorance, I don't know when will the SEC release their decision for their second review?

e-coinomist

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Quote from: joshy23 on April 29, 2017, 11:37:41 AM

Its looks like we have set another ATH for this year:

Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer.

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

https://cointelegraph.com/news/bitcoin-price-sets-new-all-time-high-at-1377-main-factors

I was more freaking out about $ 1337 but that's just me, markets moved further Cheesy

The personality type of those investors you are mentioning, well they are "vulture optimistical". Remember that guy who bought in state debt'n'liabilities in south amerika.

Slark

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Quote from: ePesoInitiative on April 29, 2017, 12:22:21 PM

I don't think the Bitcoin ETF has any major effect on Bitcoin prices.

ETF news has always some influence. Investors are pleased that SEC is giving ETF another shot so soon. It might mean something.
Do you remember how BTC price was skyrocketing the day before previous 'final date' of Coin ETF evaluation?
We have similar situation now.

peter0425

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Whatever were this goes, I'll just enjoy the moment for reaching this all time high for bitcoin. We all now what will happen next if we see this kind of price, but I will just keep it myself coz I don't want to jinx it right now. Wink

2017 is truly the year for bitcoin and the crypto-currency world.

ePesoInitiative

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I don't think the Bitcoin ETF has any major effect on Bitcoin prices.

Rahar02

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Bitcoin prices can not be separated from good/bad news which leads to speculation, recent increase may caused by legalization of bitcoin in Japan and SEC order to review ETF rejection. But ATH means another crash is imminent after ETF get rejected again or if big whales start to cash out their investment. Whatever it is, we need more loyal adopters which support bitcoin as real digital currency or at least precious commodity to save for long term.

defined

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Price difference from preev to bitcoinaverage to poloniex has set a new ATH.

QuestionAuthority

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You lead and I'll watch you walk away.

Speculators are going ape shit on a rally. Remember in 2010-11 when speculators blew gold up from $1,050 to over $1,900, then it went right back down to $1,050? When you look at the Bitcoin price think gold 2.0.

ethereumhunter

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Quote from: aTriz on April 29, 2017, 11:44:20 AM

Quote from: joshy23 on April 29, 2017, 11:37:41 AM

Its looks like we have set another ATH for this year:

Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer.

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

https://cointelegraph.com/news/bitcoin-price-sets-new-all-time-high-at-1377-main-factors

I dont really know how to react for such a news, it might be a really good thing that we have printed new all-time high, but also that might be a bad sign.

The biggest problem I can see currently, is that the price of bitcoin is really high when the blockchain is still not really ready for something like that. We had many incidents when there was more than 50,000 unconfirmed transaction and the network was simply too slow in confirming them.
It is a very vunerable thing, because making such a big traffic on the network may result that people will stop using bitcoin: you are not going to use the service for sending money, when you have to wait for a week to get your transaction done, right?

i don't think now blockchain can handle 50,000 unconfirmed transaction with fast because every transaction needs too much time to gets confirmed and we need to wait at least in one hours or more. i think if blockchain is ready for big transaction then we can see that it will affect with the price too and i think the price will be increase more high.

cellard

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It's not an ATH until Bitstamp hits it in my opinion. BTC-E hit a new ATH ($1315), it almost hit a new ATH on Bitstamp but the damn peak at the ETF of $1350 made it miss it by 2 dollars. I think we are going to see a higher price as the bitfinex USDT fear gets cleared out. I think the fear is overblown. If you factor in the actual billions that have came out within the ecosystem, you'll realize this rise is legit and not a side effect of USDT.

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Quote from: aTriz on April 29, 2017, 11:44:20 AM

Quote from: joshy23 on April 29, 2017, 11:37:41 AM

Its looks like we have set another ATH for this year:

Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer.

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

https://cointelegraph.com/news/bitcoin-price-sets-new-all-time-high-at-1377-main-factors

I dont really know how to react for such a news, it might be a really good thing that we have printed new all-time high, but also that might be a bad sign.

The biggest problem I can see currently, is that the price of bitcoin is really high when the blockchain is still not really ready for something like that. We had many incidents when there was more than 50,000 unconfirmed transaction and the network was simply too slow in confirming them.
It is a very vunerable thing, because making such a big traffic on the network may result that people will stop using bitcoin: you are not going to use the service for sending money, when you have to wait for a week to get your transaction done, right?

For the kind of money that's making the price go up, it's irrelevant.

This just means that whales (and people with a reasonable investment in Bitcoin) will get their transactions through first, which is fine for the way that Bitcoin's purpose is headed.

aTriz

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Quote from: joshy23 on April 29, 2017, 11:37:41 AM

Its looks like we have set another ATH for this year:

Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer.

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

https://cointelegraph.com/news/bitcoin-price-sets-new-all-time-high-at-1377-main-factors

I dont really know how to react for such a news, it might be a really good thing that we have printed new all-time high, but also that might be a bad sign.

The biggest problem I can see currently, is that the price of bitcoin is really high when the blockchain is still not really ready for something like that. We had many incidents when there was more than 50,000 unconfirmed transaction and the network was simply too slow in confirming them.
It is a very vunerable thing, because making such a big traffic on the network may result that people will stop using bitcoin: you are not going to use the service for sending money, when you have to wait for a week to get your transaction done, right?

joshy23

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Its looks like we have set another ATH for this year:

Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer.

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

https://cointelegraph.com/news/bitcoin-price-sets-new-all-time-high-at-1377-main-factors

Topic: Looks like we have set a new ATH at $1,377 (Read 1611 times)