In Brief Post fork, Bitcoin is surging up once more, reaching $3,000 for the first time since June, and surpassing $3,200 for the first time. This was accompanied by a peak in trade volume, and bitcoins market cap rests at around $54.13 billion at press time.

According to the CoinDesk Bitcoin Price Index (BPI), the price of bitcoin has shot up again, surpassing $3,200 for the first time. Market data indicates this latest surge started after 1:00 UTC on August 5, when the price of bitcoin surged past $2,900. By about 3:12 UTC, the price breached the $3,000 mark.

Although many predicted bitcoin would not fare well after the fork, these numbers seem to indicate otherwise. In fact, as Redditors have been discussing, Bitcoin is now worth more than $1 for each day it has existed. Senior Goldman Sachs technician Sheba Jafaris prediction about bitcoin starting a wave V during which its value could reach almost $3,700 is looking on point.Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.

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Bitcoin Just Reached a New All-Time High - Futurism - Futurism