News & Views

Bitcoin removes its intercepting barriers and reaches it’s highest value after 4 months!

The crypto-currency value has risen to its highest level in around 4 months, giving a push to the other small crypto-currency contenders as well. The resistance had the crypto-currency stuck at the point for about 3 months, until this Tuesday.

Bitcoin this Tuesday showed a significant rise in its price reportedly driven by a buy-out from an anonymous buyer. The order could be of significant value as the push surged the price beyond the $5,000 mark. The price then got stabilised at about $4,800 mark showing an increase of about 15%. At the point of writing, the price of Bitcoin is hovering at $4,732.

The prices of other cryptocurrencies including Ethereum and Ripple has also increased.

The price of Bitcoin was previously intercepting a barrier at around $4,200.


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