After reaching a record high $5,300 price at the end of Thursday, Bitcoin surged even higher earlier this morning. Bitcoin’s renewed price vigor seems to indicate that the market has now gotten over the fears caused by recent policy concerns.
Bitcoin prices surged past the $5,300 mark on Thursday, closing at $5,363 — only to reach a new all-time high value at $5,856.10 some time early Friday morning, after markets had opened at a $5,439.
The increase in value comes after Russia banned Bitcoin and expressed interest in rival Ethereum. The Russian ban followed previous moves against cryptocurrencies by South Korea and China, which included prohibiting initial coin offerings (ICOs). The market, it would seem, finally got over the fears incited by these moves.