Thursday December 22, 2016

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

Bitcoin's total value hit a record high after prices jumped more than five percent today. According to the article, bitcoin price has more than doubled from the beginning of the year.

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 percent 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.