It was another bumper weekend for the world’s most popular cryptocurrency Bitcoin, after it traded at a new record high before levelling off.
Traders on Sunday witnessed the popular cryptocurrency crack the $6,300 dollar mark eventually topping out at $6,345 according to CoinDesk. It dropped away slightly on Monday assumedly as a result of many people cashing in and finished the day’s trading at $6,141.
The new all-time high comes just one week after the currency broke the $6,000 mark for the first time becoming the first cryptocurrency in the world to achieve such a feat.
Bitcoin has gone from strength to strength so far this year when coins were being traded for $1,000 in January making their recent high a percentage increase of 530%.
Analysts have not contributed Bitcoins spike in price to any one factor but have said that the overall increase in price of the cryptocurrency over the course of the year can be attributed to cryptocurrencies becoming main stream and their increasing popularity pulling in more investors.
Bitcoin got a notable pat on the back from world renowned businessman Pay-Pal co-founder Peter Thiel who said “people are underestimating Bitcoin, it has great potential.”
One thing is for sure the popularity of cryptocurrencies continues to soar.
Content: Love Pattaya Thailand