Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and positive noises around the future of the cryptocurrency.
The price of the digital currency was trading at around $1,824 by early morning in London, according to Coindesk’s bitcoin price index. It breached $1,700 for the first time on Tuesday.
Since Monday, the market capitalization of bitcoin has risen over $3 billion to $29.53 billion. The price of bitcoin has soared 81 percent since the start of the year.
The latest price driver was comments from Minneapolis Federal Reserve Bank President Neel Kashkari. The policymaker talked up the potential of blockchain – the technology that underpins bitcoin.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!