Bitcoin leaps to all-time peak above $1,700

Bitcoin leaps to all-time peak above $1,700

On Tuesday, digital currency bitcoin reached a record peak because demand for crypto-assets inched up with the creation of fresh tokens to lift funding for start-ups via blockchain technology.

The underlying technology behind bitcoin, Blockchain happens to be a financial ledger maintained by a network of computers, capable of tracking the movement of any asset without a central regulator

On the BitStamp platform bitcoin reached a record $1,760.40, although last it traded at $1,747.89, soaring 6% on the day. This year, bitcoin has ascended almost 80%. On Tuesday, bitcoin's market capitalization inched up to $52.5 billion.

Apart from being an asset, which can be traded on exchanges like bonds and stocks, bitcoin has turned to be a mode of payment for some retailers, including Overstock.com. It’s also utilized transfer money without a third party.

Bitcoin is generated by so-called "mining" computers, validating blocks of transactions by simply trying to resolve mathematical puzzles every 10 minutes. The first computer to solve the puzzle, gets new bitcoins.

 

Similar

Yuan goes up

On Tuesday, the major Chinese currency managed to head north versus the evergreen buck after a report that American Treasury Secretary Steven Mnuchin had proceeded with negotiations with China Vice Premier Liu He…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera