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Bitcoin hits record high of nearly $11,800 after futures lift

Reuters  |  LONDON 

By Jemima KellyLONDON (Reuters) - Bitcoin powered to a record high just below $11,800 on Sunday, continuing its surge from below $1,000 at the start of the year. The cryptocurrency, which trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Luxembourg-based Bitstamp exchange at around 2100 GMT on Sunday. It was not clear what caused the move higher over the weekend other than new investors joining the upstart market, with so-called wallet-providers reporting record numbers of sign-ups over the past week.Analysts said Friday's announcement by the main U.S. ...

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First Published: Mon, December 04 2017. 18:32 IST