Early CryptoCurrency adopters must be inundated with joy right now. The price of Bitcoin has skyrocketed earlier period the $7,000 mark for the first time ever, hitting yet another important milestone and setting up all-time new record high.
The largest CryptoCurrency by market share officially passed $7,000 minutes after 10:00 AM UTC and boasts a value of $7,340 at the time of writing this post, according to exchange stats obtained from digital currency insight chart CoinGecko.
CoinMarketCap indicates this growth marks a 22.95-percent increase in the value of Bitcoin in the last seven days single-handedly. For more contexts, the currency’s market cap stands at a massive $119 million as of now.
Despite consecutively into a number of roadblocks this year, including tightened cryptocurrency convention in China and South Korea, the value of Bitcoin has sustained to climb the charts throughout the year of 2017.
Earlier in March 2017, Bitcoin has through headlines yet again, when the currency jumped over $1,200 to become extra high-priced than an ounce of gold for the first time ever – not that this a bit arbitrary assessment bears any deeper implications.
In other CryptoCurrency news, Ethereum also cracked another huge milestone as the currency boasted a total of more than one million unique wallet addresses registered on its policy. By comparison, Bitcoin currently has a little over 730,000 unique wallet addresses.
[Note: Investing in CryptoCoins or tokens is highly exploratory and the market is largely tolerant. Anyone allowing for it should be prepared to lose their entire investment.]
Bitcoin has managed to exceed several milestones lately, breaking through $5,000, $6,000 and $7,000 all within the last 30 days.
The digital currency’s market cap recently surpassed $100 billion, a significant figure that helped provide Bitcoin with legitimacy.