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Home World Business

Bitcoin breaks through the $15,000 mark

byCT Report
07/12/2017
in World Business
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LONDON: Bitcoin has breached the $15,000 mark, extending the digital currency’s record-breaking surge. The cryptocurrency began the year below $1,000 but continues to rise despite warnings of a dangerous bubble. According to Coindesk.com, Bitcoin reached $15,007.70 (£11,252.62), before falling back to about $14,680.

The new record high comes just days before the launch of Bitcoin futures on two exchanges, including the world’s largest futures exchange, CME.

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Spread betting firm CMC Markets said the rise had all the symptoms of a bubble market, warning “there is no way to know when the bubble will burst”.

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