Bitcoin Shatters $18,000 Mark Less than 3 hours after $17,000

Bitcoin sees unprecedented levels of buying with CoinMarketCap showing a price surge of more than $3000 over the past 24 hours.

Today has been one for the record books as Coinmarketcap reports Bitcoin prices topping $18,000 and a market cap of over $300 billion. This newest milestone comes amid a flurry of significant all-time highs over the past 24 hours as Bitcoin climbed from $14,000 at this time yesterday to its current price of $18,053 at press time.

Lightning in a Bottle – er… on the Blockchain

There is some speculation that news of the Lightning Network’s successful test yesterday, in which bitcoin was used to instantly purchase a cup of Starbucks coffee and a article,  was at least partly responsible for the most recent flurry of buy activity and resulting price surge. While such small purchases seem insignificant, they mark a turning point in the race to solve Bitcoin’s scalability problems.

In another related first, the Lightning Network also recently performed the first atomic cross-chain swap between Bitcoin and Litecoin…

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