The digital currency is up 2.8% to $958.52 at 9.40 a.m. GMT (4.40
a.m. ET). Bitcoin has shot up over $150 over the last week, with
little obvious spur for the price rise. Bitcoin is now at its
highest level since November 2013 when it reached
"Bitcoin's future success is tied to whether investors will embrace the asset on its own merits, rather than simply in response to geopolitics."
Maria Terekhova, BI Intelligence's fintech research analyst, says in an email on Wednesday morning: "Bitcoin’s continued growth will depend on the factors that have so far contributed to its success. On one hand, as the cryptocurrency gains more exposure and enters the mainstream, more investors may to flock to the asset.
"The media continues to speculate what the reasons for the rise might be but enthusiasts already know. They're simply speculating about how high it will go." Greenspan previously suggested that bitcoin's recent surge could be down to fears in China of an impending devaluation of the renminbi.
Mati Greenspan, a senior market analyst at trading platform eToro, says in an email on Wednesday morning: "We've been seeing an incredible surge since the price crossed $775 and it doesn't seem to be slowing down.
"On the other hand, however, much of bitcoin’s recent boom has resulted from uncertainty around events such as the US election and Brexit. As Trump enters office and Brexit negotiations begin, the resulting settling-down might impact bitcoin's momentum.
Here's how bitcoin has performed across 2016 — a highly tumultuous year for geopolitics:BI Intelligence
Bitcoin's incredible rally continues on Wednesday, up close to 3% against the dollar in early trade in London.
Bitcoin Rebounds From Two-Month Low to Top $1,000
After falling to their lowest level in more than two months this weekend, bitcoin prices breached $1,000 again today.
Overall, the digital currency rose as much as 7.5% during the session, clim
SAP Joins HyperLedger, as Enterprise Blockchain Wave Sweeps In
The increasing adoption of distributed ledger technology by companies has made it hard for the enterprise solutions providers to ignore the blockchain. In order to keep up with the changing times,
Bitcoin Price Stabilizes at $1,022, Scalability Debate Continues
Bitcoin price reached $1,030 in most global Bitcoin exchanges such as Bitstamp and Bitfinex earlier today, recovering from the March 24 drop which occurred due to speculations on the likelihood of
Newsflash: Bitcoin Rises, US Dollar Sinks
Bitcoin prices have bounced back above $1,000 on Monday, registering a high of $1,032 on the Bitstamp Price Index.
Bitcoin is trading near the levels of the week past, finding its feet after a drop
Is Bitcoin A Safe Way To Transact Money?
Let me first say that I’m speaking as myself and not on behalf of the Federal Reserve System. Also, that my expertise is in the world of physical cash, so I’m not an expert in bitcoin.
Jeff Garzik’s Bloq Launches BloqLabs to Expand Support for Blockchain, Bitcoin Projects
Bloq, a provider of blockchain solutions, has launched BloqLabs to expand its support of open source blockchain and bitcoin projects, the company announced on its website.
“In the 1900s, Bell Labs
BitOasis Expands Credit Card Bitcoin Buying to 5 New Countries
BitOasis has announced it will expand a credit card buying option to additional countries in the Middle East.
In a move that follows its unveiling of an 'instant buy' option for UAE customers this
Bitfury Mines a Block Signalling User-Activated SegWit Soft Fork
Bitfury is reported is to have mined a block supporting the BIP 148 proposal, effectively signalling a user-activated softfork (UASF) for SegWit.
As the debate surrounding bitcoin’s block size cont