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Bitcoin Makes Best One-Month Gains After 2017; Breaches $9000 Levels
After a huge rally in 2017, bitcoin has been witnessing gains best-one month gains and on Monday it moved past levels of $9000. Other cryptocurrencies also gained ground including Ether and Litecoin, which added 5.7% and 11%, respectively.
The digital token is gathering interest from some of mainstream companies' which might be one of the key drivers bringing about the surge in its price. Last week, AT&T made an announcement that it will allow its customers to make payment in either bitcoin or bitcoin cash. Also, on the sidelines, Fidelity Investments was working on plans to buy and sell the token for its institutional clientele.
In the wake of its price surge to the order of 70% in a month's time, there have been concerns that its price has even gone beyond its 'intrinsic value', the concept that is though thought to be not applicable to digital currency by some.
