Reuters Facebook CEO Mark Zuckerberg.
- Bitcoin has tripled in price in under three months, from $4,000 at the start of April to over $12,500.
- The cryptocurrency has surged by more than a third in the past week.
- Rising mainstream interest, geopolitical tensions, expansionary monetary policy, a supply cut next year, and bitcoin whales may be responsible.
- Watch bitcoin trade live.
Bitcoin has tripled in price in under three months, from $4,000 at the start of April to over $12,500. After soaring to a record high of nearly $20,000 in December 2017 then plummeting below $3,300 last December, the cryptocurrency has now recovered more than half its losses. It has surged by more than a third in the past week.
Rising mainstream interest, geopolitical tensions, expansionary monetary policy, a supply cut next year, and bitcoin whales may be responsible for the cryptocurrency's breathless rise. We examine each factor below.
