Bitcoin surges to over $6,000

The world's most popular digital currency, Bitcoin, has topped another threshold, reaching $6,031 on Friday. It comes less than a week after the cryptocurrency smashed the $5,000 benchmark.

Just two days before climbing to the new high, Bitcoin registered its largest one-day drop in a month, plummeting by more than 8 percent following a release of the Commodity Futures Trading Commission [CFTC] primer, envisioning tighter oversight over digital tokens.

The report put virtual currencies in the same category with securities, thus making them a subject of the relevant securities laws. The newly released report echoes the stance of the Securities and Exchange Commission (SEC) on the issue, which said in July that digital currency sales should fall under the scope of the US federal securities laws. The debate over whether to view digital tokens issued through initial coin...