Bitcoin surges above $3,500 as rally continues

© Reuters. Bitcoin surges past $3,500 as rally continues – Bitcoin surged to all-time highs on Friday, as investors remained optimistic about Bitcoin’s future amid bullish comments from analysts.

On the U.S.-based Bitfinex exchange, rose to $3,525.9, up $109.7 or 3.21%, surging past its previous all-time high of $3482.9.

Sentiment on Bitcoin turned positive, following last week’s ‘hard fork’ which split the blockchain supporting bitcoin into two, creating a rival digital currency called Bitcoin Cash, as analysts continued to talk up the prospect of cryptocurrencies.

“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching.” Goldman Sachs (NYSE:) noted in its question-and-answer report focused on cryptocurrencies.

followed Bitcoin’s move higher, rising 13.44% to $329.53.

Bitcoin Cash seeks to increase bitcoin’s block size to eight megabytes whereas SegWit short for “segregated witness” proposes to move some of the data outside of the main bitcoin network to speed up transactions.

SegWit, seen as a milestone for Bitcoin, is expected to be implemented within two weeks.

Meanwhile, , rose by 2% to $302.31.

To stay on top of the latest moves in the crypto-space, be sure to check out:

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.