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Why the Bitcoin price is rocketing towards new record highs again – The Motley Fool Australia

The Bitcoin price breached the US$58,000 level this morning, within a whisker of a new record high. We take a look at why.

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Home / Share Market News / Why the Bitcoin price is rocketing towards new record highs againBoom! Did you hear that?
That was the sound of Bitcoin (CRYPTO: BTC) breaking back above US$58,000 this morning.
According to data from CoinDesk, the world’s largest cryptocurrency by market cap hit US$58,150 (AU$74,550). In the past hour, it’s retraced some, back to US$57,830. Though by the time you read this it could be hundreds of dollars higher…or lower.
Such remains the volatile nature of these digital…

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