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Why Bitcoin Soared to New All-Time Highs Today

TheMotleyFool

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Why Bitcoin Soared to New All-Time Highs Today:

Leading cryptocurrency Bitcoin (CRYPTO: BTC) soared to brand new all-time highs on Friday, reaching new heights for the first time since May 21. The price peaked at $118,856 per coin just before 6 a.m. ET, representing a 4.7% increase from the end of Thursday's stock market hours.

Image source: Getty Images.

Bitcoin prices have been rising consistently over the last week. The local low point was Monday, July 7, when Bitcoin ended the day at $108,300 per coin. Friday morning's jump works out to a 9.7% increase from that lull.

Source Fool.com

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