Bitcoin hits all-time record exchange rate above $10,000


Virtual currency bitcoin rose to an all-time high above $10,000 on trading platform BitStamp on Wednesday.

Bitcoin rose to as high as $10,069.12 on the Luxembourg-based BitStamp BTC=BTSP. The virtual currency had already climbed above the big figure on other, albeit smaller, platforms.

It has soared more than 900 percent so far this year, posting the largest gain of all asset classes, on expanding financial and mainstream use.

Created in 2009, bitcoin uses encryption and a blockchain database that enables the fast and anonymous transfer of funds outside of a traditional centralized payment system.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s