Bitcoin Marks Another Record High, Topping $6000 Each

Bitcoin Marks Another Record High, Topping $6000 Each

Bitcoin Marks Another Record High, Topping $6000 Each

$BTCUSD

The most widely used digital currency will now cost you about $6,092.71 apiece after blowing past the $5,000 and $6,000 for the 1st time earlier this month. Bitcoin’s total value is just over $100-B, meaning it makes up more than 50% of the overall cryptocurrency market.

Cryptocurrency prices have been unfazed by recent regulatory crackdowns across the world and skepticism from Wall Street stalwarts including Warren Buffett and JPMorgan Chase & Co. CEO Officer Jamie Dimon.

More than $3-B has poured into ICOs (initial coin offerings) this year despite warnings from the US Securities and Exchange Commission (SEC) and other government watchdogs.

The price of Ether, the 2nd most valuable virtual coin, has climbed 8% in the past week.

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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