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Bitcoin soars above $1,400 to all-time high

Its current levels put the total value of all bitcoins in circulation close to $25 bn

Reuters  |  London 

Bitcoin surged to an all-time high above $1,400 on Tuesday, after more than tripling in value over the past year, with its most recent rise attributed to strong demand in Japan, where the digital currency has been deemed a legal means of payment. Cryptocompare, a data website that analyses bitcoin trading across dozens of exchanges globally, said around 50 percent of trading volume over the past 24 hours had been on the bitcoin/Japanese yen exchange rate. "The Japanese have recently warmed their approach towards bitcoin by treating it legally as a form of payment - a ...

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First Published: Tue, May 02 2017. 16:32 IST