Bitcoin soars to record high value

Bitcoin soars to record high value

Bitcoin’s value has jumped to a record high, following a month of turmoil. The virtual currency reached $3,434.02 (£2,636) per coin in Monday trade, according to the Coindesk Bitcoin Price Index. It had never crossed the $3,000 mark until the weekend. The market value of all bitcoins in existence has now surpassed $56bn (£43bn). The surge followed the creation of a spin-off crypto-currency, Bitcoin Cash, last week. The new asset is trading well below the…

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Bitcoin swings as civil war looms

Bitcoin swings as civil war looms

The value of the virtual currency Bitcoin has always been volatile. Even so, there has been particular turbulence in recent days as fears of a “civil war” among its adherents first grew and then subsided, although they have not gone away altogether. On Sunday, the value of one bitcoin dropped to about $1,863 (£1,430) before bouncing back to $2,402 on Wednesday, according to data from the news site CoinDesk – still some way off a…

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