Bitcoin hits new highs above $5,200; Rally seems to be continued despite china’s ban

Bitcoin hit a record high earlier today as renewed investor interest caused a upsurge for the price of cryptocurrencies but especially for Bitcoin. Hitting a high of $5,231.28, Bitcoin is now up 424% year on year.

Investors seem to be unaffected by negative news from regulators around the Bitcoin, despite China banning crytocurrency exchanges and initial coin offerings (ICOs) which previously served as a way for start-ups to raise money through the issue of tokens.

Coming back to China

Yet, r...