As Bitcoin Hits New All-Time High, Analyst Explains Why It Has Come Back From The Dead

Matthew Boesler | BusinessInsider.in

Overnight, Bitcoin hit a new all-time high of $270, surpassing the peak price of $266 seen at the height of the Bitcoin mania in April.

"Bitcoin is making a new high this week, breaking through the spiky bubble levels of April in a pretty controlled and orderly manner," writes ConvergEx Group chief market strategist Nick Colas in a note to clients this morning. "What gives?"

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