Another day, another record...

Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.

At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk's Bitcoin Price Index – a 2.8 percent gain for the day so far.

As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion.

Elsewhere in the markets, newly created cryptocurrency bitcoin cash (BCH) is again making significant gains, trading at around $546. BCH has risen 13.63 percent over the last 24 hours, and an astonishing 62.16 percent over the last 7 days.

The combined market cap for all cryptocurrencies is again at record highs, sitting at $188.5 billion at press time.

Originally Posted by Xanadu

Another day, another record...

Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.

At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk's Bitcoin Price Index – a 2.8 percent gain for the day so far.

As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion.

Elsewhere in the markets, newly created cryptocurrency bitcoin cash (BCH) is again making significant gains, trading at around $546. BCH has risen 13.63 percent over the last 24 hours, and an astonishing 62.16 percent over the last 7 days.

The combined market cap for all cryptocurrencies is again at record highs, sitting at $188.5 billion at press time.

I want to be proven wrong but this rally looks a lot like the real estate bubble which sooner or later will burst like how it happened with the US Housing Market in 2006.
I really feel sorry but buying 1 XBT at 7000 USD is out of this world. At this point is pure gamble

Originally Posted by masonos

I want to be proven wrong but this rally looks a lot like the real estate bubble which sooner or later will burst like how it happened with the US Housing Market in 2006.
I really feel sorry but buying 1 XBT at 7000 USD is out of this world. At this point is pure gamble

Bitcoin will never burst cause it's not how it works...Sometimes will diminish it's value when governments makes some rules or tax it but it's an opportunity every time to invest more in it,and that's what happened every time.It can't crush,or burst cause people will not withdraw money when the value is half they invested,they rather keep it and wait,and every time it bounces back hard to new records...

Here is a good article : Bitcoin Spikes Back To $6000: Five Reasons Why It's Not A Bubble