Bitcoin resumes its climb, briefly touching $90,000 in late afternoon trading
Nicolas Economou | Nurphoto | Getty Images
Bitcoin resumed its climb on Tuesday, after taking a breather from its postelection rocket rally earlier in the session.
The price of bitcoin was last higher by 2% at $89,338.20, according to Coin Metrics. It briefly touched $90,036.17 just before the stock market close, after quickly blowing through the $80,000 in the two days prior. Its price is expected by many investors to continue making fresh records on its way to $100,000 later this year.
Bitcoin has now risen more than 33% since election day on Nov. 5, when it had reached a new record for the first time since March. Ether was down 1% Tuesday after a 28% gain over the past week.
“Bitcoin is now in price discovery mode after breaking through…
