Thursday, 2 November 2017

thumbnail

Bitcoin value surpasses £5000 per coin



Bitcoin usually compared to the dollar, took it place in the table of history as it set's its ever climaxing value going above £5000
The digital currency peaked at $6,649.33 (£5,015) at about 16:34 GMT on Wednesday, according to Bloomberg
It is not surprising that the  Bitcoin in circulation meets an average value of $110bn (£83bn) and the crypto currency has risen more than seven-fold against the dollar over the past year.

The reason for the latest jump in value was in part driven by an announcement by US-based derivatives marketplace operator CME Group.

Bitcoin which was launched in January 2009. With a value lower than $100 in June 2013, and below $1,000 as recently as January 2017.
But in August, the virtual currency soared to $3,451 after a spin-off - Bitcoin Cash - failed to prove as disruptive as had been feared.
And in September, Bitcoin crossed the $5,000 thresholdfor the first time.
It would not be surprising if the price were to go even higher.

Subscribe by Email

Follow Updates Articles from This Blog via Email

No Comments