$5,160: Bitcoin Buoyant as Price Sets New All-Time High

$5,160: Bitcoin Buoyant as Price Sets New All-Time High

Bitcoin has hit a new all-time high today, with prices reaching $5,161 just after 11:00 UTC. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is trading at $5,130 levels. Week-on-week, BTC is up 18.75 percent, while month-on-month it’s up 23 percent. Prices had dropped to a low of $2,980 in mid-September after China banned token sales and local cryptocurrency exchanges shut in the aftermath. However, in subsequent days, BTC quickly regained poised, reportedly due to a pick-up in trading volumes in Japan, South Korea and other markets. Increased institutional interest seems to have played a role in boosting […]

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