Bitcoin Sets Its Sights on the $10,000 Barrier
Bitcoin prices look set to test the $10,000 barrier this week after hitting another all-time high in overnight Asia trading amid a global rush into cryptocurrencies that has lifted overall values past $300 billion.
Bitcoins were marked $350, or 3.75% higher in London trading on the bitsmap exchange and changing hands at $9,613 each after having hit a record $9,687 each earlier in the session. The jump comes just 8 days after bitcoin topped the $8,000 barrier and only one day after breaking the $9,000 mark and extends its year-to-date advance past 870%. The digital currency now trades at 7.5 times the price of gold, after having traded $200 below the bullion on January 1.
Coinbase, the biggest bitcoin exchange in the U.S., said it had added around 100,000 accounts, or 'wallets' in the days leading up to and over the Thanksgiving weekend, taking the total to around 13.1 million as consumers appeared to favor the digital currency as either a holiday gift of a means with which to make Black Friday purchases.
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