Bitcoin Price Reaches Another Milestone, Peaks Above $6,000

Bitcoin surpassed $6,000 on Friday, reaching its latest milestone and setting yet another all-time high. The virtual currency peaked at $6,003.81 during the session, according to figures provided by CoinDesk's Bitcoin Price Index (BPI).

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The record high helped push the total value of the world's largest cryptocurrency by market capitalization to more than $99 billion, additional BPI figures show.

At the time of report, Bitcoin prices had fallen back somewhat, retreating to $5,943.

By hitting this latest milestone, Bitcoin has surged more than 500% year-to-date, rising from less than $1,000 at the start of the year to break through a key price level almost each month.

bitcoin just blasted through $6,000 like it was yesterday's news, what an animal. pic.twitter.com/JOHT5gz1zA

— Dank Meme Spec Ops (@AnalyzerX7) October 20, 2017

Over the last few weeks, there have been countless forecasts of Bitcoin's end following China's crackdown on ICOs and Bitcoin exchanges which shut down the local industry. Now, the cryptocurrency economy has an even stronger case, as Bitcoin’s latest price climbs have awarded loyalists with another fortune after rising more than 80 percent in less than a month.

Making sense of the crypto frenzy

The genie is out of the bottle but it is still hard to predict when bubbles will pop. The London Summit will address the surge of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, led by Bitcoin, and the opportunities and pitfalls that this new reality presents to the trading industry.

The 2017 London Summit will feature a diverse panel of experts who will discuss the crypto frenzy, Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology, and the future trajectory of the industry.

How can the trading industry harness the crypto frenzy? https://t.co/KCt6GlHVeF #londonsummit17 #cryptocurrency @eToro @newsbtc pic.twitter.com/CjghKl4bi1

— Finance Magnates (@financemagnates) September 26, 2017

Our panel will provide much needed clarity about the various applications of cryptocurrency for financial services, mixing crypto-vision with down-to-earth solutions for products, security, and risk management.