Bitcoin skyrockets above $7,000 for first time ever

in #bitcoin • 7 years ago

LONDON (Reuters) - Digital currency bitcoin rocketed above $7,000 for the first time ever on Thursday, after a more than sevenfold increase in its value since the start of the year.
Bitcoin has seen eye-watering gains in recent months and has more than doubled in value in the past seven weeks alone BTC=BTSP. It hit as high as $7,066.44 on the Luxembourg-based Bitstamp exchange on Thursday.

shutterstock_666270961-e1501908449514.jpgThe price move takes bitcoin’s aggregate value, or “market cap” -- its price multiplied by the number of bitcoins released into circulation -- to more than $117 billion, according to industry website Coinmarketcap.

The aggregate value of all cryptocurrencies is now at a record high of over $190 billion.

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7 years ago in #bitcoin by
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