During the last week, for the first time since November, Bitcoin rises more than $6000 and hit its highest level against the dollar. The digital currency flies on the speedy jet since it hit a high record of above $19,000 in 2017 December before it crashes to a low almost $3,100 in 2018 December. After that, it gains its recovery very slowly.
According to statistics from CoinDesk, the exact numbers of cryptocurrency during the previous week when it highest during the last six months was $6,076.65 since intraday high of $6,295.95 on 2015 November. CoinDesk is the comprehensive source that tracks the cryptocurrency price on different exchanges. Far this year bitcoin is up more than 60%.
The price of digital currency boosted due to the growing interest of trading in bitcoin from the investments institutions. Earlier this week, Bloomberg reported that Fidelity Investments would start to let the customers to purchase and sale cryptocurrencies. Whereas, other trading platforms such as Robinhood already started trading in the digital currency.
However, the environment of cryptocurrency has still its issues. A few days back, hackers toll about 7k bitcoin having worth more than $40 million from Binance, the one among the largest exchange platforms of the world. Furthermore, the digital currency is still encouraging fierce discussion regarding its future and viability.
The mother and father of all bubbles of crypto, Nouriel Roubini was debating with the former hedge fund manager and bitcoin bull Michael Novogratz, who has a different opinion. Novogratz said that the reality is there’s marvelous stuff going on. We can say it as a small miracle in some ways. He added that the talk is over and the bitcoin wins. All around the world the people saw it as an authentic place to store their value.