Return to site

The Bitcoin Price Is Up 10% In 24 Hours To Over $7,000 -- What's Pushing It Up?

The bitcoin price has just jumped over the $7,000 mark for the first time in over a month following an incredible week for bitcoin developments.

The price has risen almost 10% in just one hour following a raft of positive news for bitcoin and cryptocurrencies. Elsewhere, other coins ether, ripple, lite coin, and bitcoin cash have all added between 5% and 10% over the last 24 hours, according to CoinMarketCap data.

As a result of the near $600 price jump, bitcoin added some $9 billion to its market cap in a matter of minutes.

Today saw the appointment of David Solomon as the new chief executive of US investment bank Goldman Sachs, who's currently the firm's current chief operating officer. Last month Soloman said Goldman is looking in to adding further bitcoin and cryptocurrency services. He will take over from current Goldman CEO Lloyd Blankfein in October.

Many bitcoin faithful are hoping that as the mainstream financial services industry bets on bitcoin, the price will rise back to levels last seen in December last year — and possibly higher.

All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly