Bitcoiners woke up to a pleasant surprise on Tuesday, May 9 as the price per bitcoin once again touches new levels. The decentralized currency continues to trade higher as bitcoin’s fiat value is currently up over 15 percent with an average price of US$1720 per BTC.
Just when traders thought the rally was getting exhausted, bitcoin’s price pushed up once again after remaining stable in the $1520-40 range for roughly 72 hours earlier this week. During the early hours of May 8 coincidently after the French election, bitcoin’s price shot up above the $1600 range and continued to climb all day. Now bitcoin has hit another all-time high touching $1750 per BTC at 8 am EST.