Bitcoin taps fresh record highs amid rising demand from Japan, China

Bitcoin climbed above $2,000 for the first time Saturday on increased demand from Japanese and Chinese investors. The digital currency rose more than 4.5 percent to hit an all-time high of $2,061.88, according to CoinDesk.com. Bitcoin was last trading near $2,047. Japan accounted for nearly 55 percent of trade volume, up from near 40 percent … Read more

One Bitcoin Now Worth More Than an Ounce of Gold Ever Was

  In just one year, bitcoin has risen from around $200 to now trade within a touching distance of $2,000, with the currency surpassing gold parity this year and further increasing to a price higher than an ounce of gold has ever achieved. Gold’s historical price – source tradingview. The highest ever recorded price for … Read more

Bitcoin price climbs to highest level in nearly 3 years

  Bitcoin traders are finally moving past the collapse of Tokyo-based digital-currency exchange Mt. Gox. The price of a single bitcoin US:BTC/USD touched $777 on Friday, its strongest level since February 2014, when reports that hackers had stolen millions of dollars’ worth of customers’ bitcoins from Mt. Gox, formerly one of the world’s largest bitcoin … Read more

Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments. According to Credit Suisse, over … Read more

The Price of Bitcoin Just Jumped $30 in One Hour

ADVERTISEMENT The price of bitcoin rose nearly $30 over one hour of trading today, spiking to $740 as it continued to test 2016 highs. The sudden boost followed a relatively slow uptick over the course of recent trading sessions, with the price fluctuating between $706 and $713 from 0:00 UTC on 15th November to 12:00 … Read more