Bitcoin is $7500

It seems that the market of the most popular, old and valuable cryptocurrency has decided to overload the news outlets with messages about its growth. It’s like that $6500 value was a minute ago, wasn’t it?.. Actually, it wasn’t, but still, the currency grows fast.

Did the news about CME Group really affect the market sentiment so much? If so, and if we consider the ICO ban in China to be the primary reason of Bitcoin downfall at the beginning of this autumn, we now see a situation directly opposite to that Chinese disaster: a newsflash about a positive event affects the value of Bitcoin so much that it gains, roughly counting, plus ten percent in a few days! Coinmarketcap provides more precise stats: BTC has gained 26.4% in just a week. On the fiat market, such a rapid growth in such a short period of time could have happened if all assets of the company and its headquarters suddenly turned into solid gold or if the company invented something truly revolutionising.

The new all-time high was reached at Bitstamp.

                                                   Image courtesy of altcoin.info