It has been a great week for bitcoin bulls as prices surged to a new high of $363.31 just minutes ago. The total gain since our last update is now at $78 dollars or a fantastic 27% in percentage terms. Meanwhile the rest of the crypto-market is finally joining the party, with Litecoin nearing $4 dollars as I type this.
Bitcoin Surges 27 Percent
Bitcoin gained $78 dollars or 27% since last Tuesday. But the gains from the start of the rally near $250 are even larger, at $108 dollars or a massive 43.2 percent. On the chart below we can see that in the last two days the BTC/USD has gone parabolic. Yesterday we closed higher by $21 dollars and today we’re up by $33 dollars and it’s only lunchtime.
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