Bitcoin has shot up by $1,000 in less than 24 hours in a price surge that takes us back to the huge gains of in late 2017. The final terminus of Bitcoin’s value arrived at nearly $20,000.
The recent pump in price follows seven weeks of steady gains, which have seen bitcoin’s price rise from below $4,000 to today’s price of $8,100.
Early speculation among bitcoin commentators is that the latest price surge may have been triggered by the Consensus 2019 Bitcoin conference. This is starting in New York next week
Other factors related to good news have no doubt feed into this recent rise, such as crypto-related announcements from large institutional investors like Fidelity Investments.
Coindesk have begun to speculate on history repeating again.