$1,210: Bitcoin Price Hits New All-Time High
Note: At the time of this post Bitcoin was at $1,203 USD
by Charles Bovaird, Coin Desk:
Bitcoin is showing no sign of dropping below its all-time highs. After trading above $1,000 for more than two weeks, the bitcoin price has now provided what analysts believe is ample evidence the digital currency’s price has established a floor at this level.
The cryptocurrency has been enjoying its longest stretch above $1,000 in history, a period it began on 14th February.
During this period, bitcoin prices have been pushing steadily higher, reaching a new all-time highof $1,186.33 on 23rd February and then rising to new record levels over the following sessions, according to the USD CoinDesk Bitcoin Price Index (BPI).
The digital currency most recently hit a fresh all-time high today, when it reached $1,210.16 at 03:00 UTC, BPI figures show.
At the time of report, bitcoin prices had pulled back slightly from this level, trading at $1,196.38.
Potential upside
Many market observers have emphasized that bitcoin prices could soon enjoy significant upside if the SEC approves the proposed Winklevoss Bitcoin ETF, an investment fund which has an approval deadline on 11th March.
Traders have already incorporated this event into bitcoin prices, according to several analysts.
However, many market observers have projected that the proposed fund has low odds of receiving authorization from the government agency.
Investor and serial entrepreneur Vinny Lingham, for example, gave the fund 10-15% odds of being approved in a recent blog post, while Spencer Bogart, former analyst with investment bank Needham & Co LLC, has indicated the ETF’s odds of approval are less than 25%.
While acceptance could fuel sharp price gains, a rejection could push bitcoin prices lower, analysts say.
Still, amid this uncertain situation, bitcoin prices have been experiencing little volatility in the last few days, moving largely between $1,170 and $1,210 even as they have enjoyed a steady, upward climb.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,582,853 |
| Stories: | 8,450,744 |
Whistler Blowers, Insiders
