The leading cryptocurrency Bitcoin [BTC] is continuing its bull rally in price over the past few months, now even breaking $10,500 USD benchmark for the very first time in over a year, in line with ‘CoinMarketCap‘.
Bitcoin has successfully broken the $10,000 USD price-mark after trading within the price range of around $3,000 USD – $4,000 USD range for the primary four months of this year. However at the reporting time, BTC is presently trading at a price around ‘$10,731.81 USD‘ which is 10.60% up for the day.
Bitcoin’s recent ongoing price rally has seen commentators like Fundstrat’s Tom Lee predicting new record prices for the cryptocurrency within the mere future, as ‘reported‘ earlier in June.
Also within this week, the bitcoin hash rate — the overall computing power of the BTC network – ‘hit new incomparable all time highs’. Bitcoin breaking a multi-year high, the expansion in hash rate are often taken as a measure of how much interest there’s in mining the crypto asset.