Bitcoin Surges Above $1480 to Hit a New All Time High

[kreslik.news]

Bitcoin is on the wires today with the most popular cryptocurrency setting a new all-time high at $1481.73 (as quoted on BitStamp). The surge follows up on a massive spike higher in the second most-popular cryptocurrency, Ethereum. The combined market cap of the two is now above $30 billion.

Bitcoin surpassed its previous high in the run-up to the prospect for an approval of an ETF based on its value. The US Securities and Exchange Commission (SEC) did however turn down the application of the Winklevoss twins in March, causing the price of the cryptocurrency to decline from about $1350 to ... (read more)