Thursday, November 2, 2017

Bitcoin price hits $7,000 for the first time

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Bitcoin isn't showing signs of stopping. 

The cryptocurrency hit the price of $7,000 per one bitcoin early on Thursday, just weeks after it surpassed $6,000 for the first time. 

The rally has been incredible — after briefly hitting a low of around $3,000 on Sept. 14, Bitcoin has been breaking through all-time-highs. In October, the cryptocurrency's market cap — the value of all bitcoins currently in existence — exceeded $100 billion for the first time. Right now, it's at $117 billion. 

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It's tough to pinpoint exactly what has prompted this latest price increase. This week's news that the world's largest futures exchange CME plans to launch Bitcoin futures this year certainly helped.  Read more...

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