Bitcoin Surges to Another Record, This Time Passing $2,500
Sun May 28 2017
Lucy Harlow (3326 articles)

Bitcoin Surges to Another Record, This Time Passing $2,500

Bitcoin’s value set a new record as it crossed the $ 2,500 level, meaning it has more than doubled this year.

The digital currency rose 10% yesterday to its record high of $ 2,537.16, according to CNBC.

In five days, Bitcoin rose to just over 40% and has gone up 88% so far this month. On April 30, the currency was valued at $ 1,348.65.

Bitcoin has consistently been breaking its own records over the last week, and saw its seventh anniversary for the first recorded Bitcoin transaction.

The recent Bitcoin surge is also tied to Japan and China treating the currency with more legitimacy. At the start of April, Japan introduced rules that presented Bitcoin as an actual currency. The value of Bitcoin has seen a steady increase since then.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe

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