Published on May 18th, 2017 | by bitcoin0
Bitcoin reaches record highs as Trump rocks the boat
After peaking at $1,840, Bitcoin price stabilized in the $1,820 region earlier today on May 18.
The recent surge of Bitcoin price seems to be largely affected by the economic uncertainty of the US, caused by troubles surrounding the Trump administration.
Donald Trump sent jitters down the spine of the world’s political and financial elite from the day of his inauguration when Bitcoin price immediately shot upward.
While gold has gained around 1.9 percent, Bitcoin price recorded a seven percent increase to surpass the $1,820 mark, reaching closer to the current all-time high price established at $1,868.
If so, Bitcoin price is likely to maintain its upward trend and potentially set new all-time highs in the upcoming months.