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Wednesday, May 3, 2017

Bitcoin Price New All-Time High at $1,442, Bitfury Executive Predicts $5,000

Bitcoin Price New All-Time High at $1,442, Bitfury Executive Predicts $5,000

Bitcoin price achieved its new all-time high yet again earlier this morning at $1,442. The average trading value of Bitcoin was similar throughout the Japanese and US Bitcoin exchange markets, at $1,430.

On April 29, only two days ago, Cointelegraph reported that Bitcoin price established a new all-time high at $1,377. At the time, analysts including BKCM CEO Brian Kelly attributed the upward trend of Bitcoin price to the US Securities Exchange Commission’s decision to re-examine the Winklevoss twins’ Bitcoin ETF COIN proposal.

"The SEC is concerned about how most of the markets [for Bitcoin] has traded outside of the US with no regulatory oversight. As of this point, I don't think the SEC would approve the ETF. What would change my mind is if the ETF or SEC only traded Bitcoin on regulated exchanges,” said Kelly.

Since then, Bitcoin price increased by another five percent. Although Bitcoin price has declined slightly upon reaching its new all-time high, over the past 24 hours, Bitcoin price demonstrated a 7.3 percent increase and it is currently averaged at $1,437.

Full story at http://bit.ly/2qx4Qra

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