Within three hours, the bitcoin price surged from $5,682 to $5,910 on Coinbase, a leading regulated crypto exchange that operates in the U.S. market, reaching a new 2019 high.
One of crypto’s biggest venture capital firms is going all in on bitcoin. Heisenberg Capital says it is “doubling down on Bitcoin Maximalism with new capital,” while sounding the death knell for altcoins.
The bitcoin price surged as much as 7.60-percent on Friday to establish a new 2019 peak at $5,796.93.
Independent research firm Fundstrat Global Advisors had accurately called bitcoin’s crash late last year when the cryptocurrency was trading at $5,500 levels, but it now believes that the bad days are over and the time to buy is here once again.
With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future.
The bitcoin price has increased from $5,341 to $5,587 on Coinbase, getting close to surpassing a 2019 high at $5,594.
According to a new survey commissioned by Blockchain Capital, 11% of American adults hold bitcoin.
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