31 Aug '17, 1pm

#Bitcoin nears $4.7k as altcoins rally in support

#Bitcoin nears $4.7k as altcoins rally in support

Bitcoin has hit yet another all-time high as virtually all the top 50 cryptocurrency markets rally. Data from Coinmarketcap and Bitcointicker shows Thursday post Bitcoin highs of $4,687 on Bitstamp, beating the previous record of $4,576 Aug. 29. The latest move upwards resulted in a consolidated effort from the biggest altcoins tracked by Coinmarketcap, with 95 percent of the top 50 posting overall gains in the 24 hours to press time. Bitcoin is continuing to gain as commentators increasingly put faith in a test of the highly significant $5,000 barrier in the short term. Various figures have been extremely bullish on Bitcoin reaching $5,000 sooner rather than later, ignoring criticism that the virtual currency remains in a bubble and will ultimately correct downwards in a manner similar to previous price spikes. Commenting on the current price action, Civic CEO Vinny Lingh...

Full article: https://cointelegraph.com/news/bitcoin-price-comes-close-...

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