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Bitcoin soars above $2,400 to all-time high as demand rises

Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 per cent at $2,363

Reuters 

Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track the movement of any asset without the need for a central regulator. Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 per cent at $2,363. So far this year, the price of bitcoin has more than doubled. A key ...

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First Published: Wed, May 24 2017. 20:41 IST
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