Bitcoin has set a new 2019 record having reached $8, 905 before a slight retrace.
The world’s largest cryptocurrency by market capitalization broke the record after being held at the $8,250 for sometime now since we reported it.
Since January, Bitcoin has soared from a low of $3,400 to the current price, which is 120% jump in its value.
On an yearly scale, Bitcoin is now profitable from an investor perspective who put in their money in 2018.
The quick successive price however is not expected to be sustainable for the short-term, and a slight retrace is already happening.
Nevertheless, the new high has built market confidence with popular analysts predicting another new $9,600 high soon.
The ice from the crypto winter finally seem to be melting as the entire market turns green.