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Topic: [2016-12-22] NDTV: Bitcoin's Total Value Hits Record High Above $14 Billion (Read 379 times)

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Bitcoin's Total Value Hits Record High Above $14 Billion

http://profit.ndtv.com/news/market/article-bitcoins-total-value-hits-record-high-above-14-billion-1640810

The total value of all bitcoins in circulation hit a record high above $14 billion on Thursday, as the web-based digital currency jumped 5 per cent on the day to its highest levels in three years after more than doubling in price this year.

The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014, putting the cryptocurrency on track for its best daily performance in six months.

That compared with levels around $435 at the start of the year, with many experts linking bitcoin's rise with the steady depreciation of the Chinese yuan, which has slid almost 7 per cent this year.
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