Bitcoin broke the $10,000 mark today after trading in the $3,000-$4,000 range for the first four months of this year. As of press time, Bitcoin is up 6.53% on the day and trading at $10,153.
– Bitcoin 1-year price chart. Source: Coin360
Bitcoin’s recent price rally has seen commentators like Fundstrat’s Tom Lee predict new record prices for the crypto in the future, as Cointelegraph reported on June 19.
Also this week, the bitcoin hash rate — the total computing power of the bitcoin network — hit new all-time highs. Bitcoin breaking a multi-year high, the growth in hash rate can be taken as a measure of how much interest there is in mining the coin.