Bitcoin extends its recent rally, notching a fresh all-time high on Thursday, and solidifying a recent run-up in its price after plunging on a series of critical comments
Bitcoin notched a fresh record on Thursday and solidified its recent run-up in price after tumbling on the back of a series of critical comments, including those from J.P. Morgan Chase CEO Jamie Dimon, who referred to the asset as a “fraud.”
A single bitcoin BTCUSD, +10.52% on Thursday afternoon was worth $5,220.54, eclipsing an intrasession high reached in early September around $5,000. The cybercurrency has risen by about 75% since hitting a low of $2,985.24 in mid-September, research-and-data site CoinDesk shows.
Source/More: 5 reasons bitcoin has roared to its highest level ever, defying Dimon’s ‘fraud’ call – MarketWatch