Bitcoin (BTC) has achieved a new all-time high Thursday as prices race past previous records set earlier this week.
Data from Bitcointicker.co shows a new high of $4450 coming just days after a previous top reading of $4387.
The price movements come amid continued bullish sentiment throughout the Bitcoin industry, with multiple commentators forecasting further gains in the coming weeks.
In particular, confidence is building in Bitcoin’s ability to reach $5000 imminently, along with a $100 bln market cap which would make subsequent gains “easier,” Bobby Lee, CEO of Chinese exchange BCC tweeted Wednesday.
#Bitcoin is at $71 billion market cap today. When it gets to $100 billion, the journey to $200 billion will happen so much faster!😁
— Bobby Lee (@bobbyclee) August 17, 2017
Responses to Lee suggested Bitcoin would be worth up to $6478 with a $200 bln market cap, roughly three times that of PayPal, the market cap of which Bitcoin overtook earlier this week.
Analyst Tone Vays, in his latest price forecast, additionally suggested a protracted five-week “bullish” period in which prices could continue inflating.
Daily $BTCUSD setting up for another $600 jump higher off a new "Ascending Triangle"#Bitcoin Weekly Still Bullish for 5 more weeks pic.twitter.com/MT550tGrck
— Tone Vays [UASF-WON] (@ToneVays) August 17, 2017
Further data from Coinmarketcap meanwhile reveals further records across cryptocurrency, with the overall market cap of all digital assets now at an unprecedented $144.64 bln.
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