You are here: Home » Reuters » News
Business Standard

Bitcoin flirts with $16,000, alarm bells ring louder

Reuters  |  LONDON/NEW YORK 

By Jemima Kelly and Gertrude Chavez-DreyfussLONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.The largest U.S. cryptocurrency exchange struggled to keep up with record traffic as the price surged, with an upcoming launch of the first bitcoin futures contract further fuelling investor interest. Proponents say bitcoin is a good medium of exchange and a way to store value, much like a precious metal. They also argue it ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 08 2017. 04:02 IST