Bitcoin (BTC) has continued its latest run over the weekend – reaching a high of $9,381.82 according to CoinDesk’s price index – and now sits comfortably around the $9100 mark as of Monday. This is a 140% increase from the start of the year.
The current bull run was anticipated by several analysts, including DRIVE Markets’ Head of Quantitative Strategy Sanjeev Sarda, and coincides with a wave of positive news including announcements from companies such as Facebook and AT&T regarding their own crypto projects.
The run hasn’t just affected Bitcoin, with Litecoin (LTC) and Ethereum (ETH) in particular seeing gains over the weekend, rising 5% and 5.5% respectively. Litecoin has seen a nearly 300% price increase from the start of the year, and Ripple (XRP) has seen a 23% increase this year.
It’s the first time this year that BTC has seen a return to over $9000, amid reports that Facebook is planning to release its own cryptocurrency, while AT&T have announced they will soon start accepting bitcoin as payment via a partnership with BitPay.
The Bakkt cryptocurrency exchange and infrastructure initiative (backed by the New York Stock Exchange’s parent company Intercontinental Exchange, and coffee chain Starbucks) is also expected to start accepting beta users as early as next month.