Bitcoin price blasts through $2500 mark as crypto market cap exceeds $90 billion

The bitcoin price has seen a remarkable advance in today’s trading, breaking above $2,500 for the first time in more than a week. After a failed attempt at $2,400 yesterday the cryptocurrency started the day at around $2,260 and stayed in the positive territory during a relatively quiet morning session.

The bitcoin price rally accelerated in the afternoon session, when the coin even topped $2,600 for a brief period of time. As of 16:10 BST, the currency was trading at $2,596.87. The coin has gained over 15 percent in today’s trading, according to data from Google Finance.
Earlier this week Goldman Sachs analyst Sheba Jafari said that the bitcoin currency was set for another test of the $3,000 mark. Jafari forecast that the increase could result in a new high of around $3,700 for the cryptocurrency.

The strong uptick the bitcoin price helped the total cryptocurrency valuation exceed $90 billion. The other major cryptocurrency also contributed to the increase, posting solid performances.
At time of writing ethereum was trading in the positive territory at $232.59. Litecoin also posted moderate gains, trading at $43.16.
Privacy-focused cryptocoin Dash was one of the standout performers of the day, with its price rising 15.4 percent in the last 24 hours to $189.88