Analyzing the two main reasons why bitcoin prices broke the all-time high.
This is State of the Blockchain, where we focus on the most noteworthy news you need to know in the blockchain scene over the past week. Without further ado, here’s our hit list for the week.
Bitcoin hits US$7,500
The price of a bitcoin has exploded to a new all-time high of US$7,500, recording a mind-boggling 60 percent gain over the past month. It’s difficult to pinpoint what exactly led to this tremendous growth, but it is believed that two developmental factors are at play: