Having traded in a relatively narrow - for bitcoin - range of $16,500-$17,500 over the past week, the world's most popular cryptocurrency jumped to new all-time highs following the latest (unexplained) burst of buying out of Asia, with another Saturday surge in volumes emerging out of Japan and Korea, Zero Hedge reports. Bitcoin is now up over $1,200, or 7%, in the past 24 hours, last trading at a new all-time high of $19,000 on the coinbase exchange.
As a result of the latest push higher, the market cap of bitcoin is now over $318 Billion; to fund the bitcoin spree, Ethereum, Litcoin and various other cryptos have seen some modest liquidation, and have not enjoyed Bitcoin's latest dramatic ascent.
