Published on October 12th, 2017 | by bitcoin0
Bitcoin hits record high
Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.
The bitcoin price hit an all-time high of $5,231.28 in early trade on Thursday, according to data from industry website Coindesk.
Earlier this year, bitcoin split in two, and a new cryptocurrency called bitcoin cash was created.
Some people holding bitcoin will receive bitcoin gold, which Menant called essentially “free money”.
“Competing bitcoin forks, such as Bitcoin Gold are also encouraging more bullish sentiment as traders look forward to receiving more “free money” in November,” Menant said.