Here’s The Reason Why Bitcoin Surged Above $6,400 to Hit All-Time High
The price of bitcoin has hit an all-time high, crossing $6,400 for the first time.
Bitcoin’s earlier record came around nine days previously, when it cleared $6,060. Nevertheless, after that it fell as low as $5,374 before evening out, then rising up to a new high on Sunday.
Investors seem to be shrugging off some of the latest damaging news in the bitcoin domain. Bitcoin lately gone through another “fork”, resulting in the creation of a brand new Cryptocurrency named “bitcoin gold”.
Market observers believe that the surge in Bitcoin price happened following CME Group Inc., the world’s largest futures market operator statement saying, it intends to launch bitcoin futures in the fourth quarter.
