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Not content to break the $ 7,000 mark, the bitcoin price reached a new historical record of $ 7,350. -crash has erased nearly $ 600 of its value.
The first and largest cryptocurrency in the world has reached unprecedented heights and unprecedented as bitcoin beats yet another price record for another consecutive day. In Thursday's bull market, prices peaked at a new high of $ 7,350 on Bitfinex at 11:10 am (UTC). Moments later, the market value fell in a ten-minute drop to bring the price down to $ 6,869. A short-term recovery allowed trading to rise above $ 7,000.
The downward trend continued while the value of trade decreased to $ 6,753.
At the time of going to press, the price of bitcoin is again rising and is trading at $ 6,900.
Since the end of November, yesterday, the price of bitcoin has increased by nearly $ 900. Despite a loss of nearly 3.5% in the last hour, the price of bitcoin is up 5% over the day and nearly 18% over a period of 7 days, according to data from CoinmarketCap. The market capitalization of cryptocurrency remains above $ 115 million, while the general cryptocurrency ceiling has reached a new record high of $ 190 billion fueled by bitcoin gains earlier today.
In development … Stay tuned for market analysis today.