Bitcoin Hits New All-Time High above $3,700 amid Rising International Tensions

Bitcoin hit a new all-time high today, soaring past its previous record hitting $3,793.86 before sliding back, as one bitcoin is currently worth $3,744.56, according to data from CoinMarketCap.

The cryptocurrency’s new record pushes its market cap to $61.7 billion, with the entire cryptocurrency ecosystem now being worth $132 billion. During the last 24 hours, bitcoin’s value surged by 7.44% as its dominance is now at 46.49%.

Back in July, Goldman Sachs’ chief technical analyst Sheba Jafari accurately predicted that bitcoin’s price would pull back to about $1,850, before setting a new record high. According to his prediction, the cryptocurrency could go as a far as $3,915 before it stops surging.

Some predict that bitcoin might soon hit a new milestone: $4,000. Although it isn’t clear what will happen next, there are some identifiable factors behind bitcoin’s climb

Source: cryptocoinsnews