Bitcoin has been on a steady climb for the past few months. On October 20th, Bitcoin hit a height of $64,000. Experts attribute this growth to be due to the increasing number of people using and trading Bitcoin and because it’s getting easier than ever for investors to purchase Bitcoins through online exchanges and brokers.
The price of bitcoin climbed as high as $63,729.5 on Tuesday, according to data from Coin Metrics. It was the last trading just under $64,000. Ether, the second-most valuable digital coin after bitcoin, also set a fresh record, climbing to $2,317.
With most of the cryptocurrencies struggling to keep up with bitcoin, it is all but a given that bitcoin has a very high chance of continuing to grow.
Bitcoin’s price hit a new record high this week, soaring past $6400 and continuing to climb. The price of bitcoin skyrocketed more than 1000% in 2017 and it now has a market capitalization of over $600 billion. Bitcoin’s surging value has been attributed to increased demand from Asian countries as well as the expectation that the currency will soon be trading on two major US-based exchanges – CME and CBOE.