Published on October 12th, 2017 | by bitcoin0
Bitcoin has hit a new all-time high today, with prices reaching $5,226 on the CoinDesk Bitcoin Price Index.
The new record broke a previous all-time high of $5,013 set in September.
However, in subsequent days, bitcoin’s price quickly regained, reportedly due to a pick-up in trading volumes in Japan, South Korea and other markets.
For example, a rumored ‘bitcoin desk’ at Goldman Sachs would certainly be a game changer for the nascent market.
Further, even while skeptics continue to call bitcoin rally a bubble, the price action analysis indicates no serious trouble ahead for the cryptocurrency.