Brent Carrier

Bitcoin keeps pushing the limits

June 26, 2017, by admin, category Articles

Seven years ago, a single bitcoin was worth a quarter-of-a-cent. But over the course of those seven years, its value has multiplied. This week, for the first time ever, bitcoin surged past $2,000. Namely, on Sunday night or Monday morning, the cryptocurrency topped $2,000, $2,100, and $2,200. Reportedly it is now topping at $2600. It is now trading up by $184.36, or 9.1%, at $2,208.94 a coin. In two days the value of this currency increased by more than $ 100, and since the beginning of the year, its price has risen 81 percent. In the past week alone, the price of bitcoin has gone up for 12%. Monday also marked the seventh anniversary of the first recorded instance of bitcoin used in a real world transaction.

Earlier this year, the value of a single bitcoin was around $ 1,000, but since then it slowly started growing. Bitcoin first broke the $1,000 mark in 2013, but it was soon followed by a drop in value due to a combination of factors. Since 2010, bitcoin has been the top-performing currency, except for 2014, as already mentioned. At the end of last year, the new regulation in China returned bitcoin to the $1,000 mark again. Since then it has continued to grow in worth. Now, the world’s most popular cryptocurrency is worth over $2,000 per coin, and the total number of coins in circulation is $32.92 billion.

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