Wednesday, 29 November 2017

Bitcoin crosses $10,000 milestone for the first time

The value of one bitcoin has gone past $10,000 (£7,493).

The virtual currency reached the benchmark for the first time, just days after it passed $9,000.

It caps a remarkable rise in value for the crypto-currency, which was trading below $1,000 at the start of the year.

Some experts believe the asset still has far to soar, but others say it represents a speculative bubble with nothing tangible at its core that could burst any time.

The total value of all the bitcoins in existence has now surpassed $167bn.

Bitcoin in graphs

BBC    News.