At press time, the world’s top cryptocurrency is up to $ 7,400. This is a massive spike over where it was during the beginning of the week (high $ 6,000’s).
Bitcoin’s price seemingly jumped out of nowhere and within hours. It went from $ 6,800 to about $ 7,200 in 30 minutes on Tuesday amidst speculation that Coinbase would possibly add up to five additional coins to its trading platform.
In addition, top financial management firm BlackRock expressed interest in blockchain technology, which may have potentially given bitcoin the price boost it needed. The coin is likely to take a rest before exploding any further, though analysts believe $ 7,500 is easily in our midst now that $ 7,000 has been breached.