Bitcoin jumps over $7,000 barrier
The world's most popular digital currency is on a record-breaking marathon. Bitcoin has again attained a new record, jumping over the US$7,000 barrier.
The cryptocurrency has gained nearly 15 percent in just four days. Bitcoin was trading at $7,341.84 at 12:00pm GMT on Thursday with more than 3.8 billion trading volume in the past 24 hours, according to the industry website Coinmarketcap.com. Bitcoin's market value is now $122 billion of the overall cryptocurrencies market cap of $191 billion.
On Wednesday, Bitcoin set a price record over $6,600, after breaking $6,400 earlier in the day. The currency has gained over $700 since, up over ten percent day-to-day.
The unprecedented weekly rally is reportedly fueled by news that the world's largest futures market operator CME Group is going to launch a cash-settled Bitcoin futures contract this year. The company is...
- Log in to post comments