scorecard
  1. Home
  2. stock market
  3. Bitcoin is soaring

Bitcoin is soaring

Jonathan Garber   

Bitcoin is soaring
Stock Market1 min read

Bitcoin is soaring as traders return to work following the extended Christmas break. The cryptocurrency is trading up 3% to more than $929 and is at its best level in three years.

Bitcoin has seen a volatile 2016 amid uncertainty surrounding the Brexit vote in June and the US presidential election in November. The cryptocurrency rallied from $432 at the start of the year to more than $750 in the days ahead of the UK's vote to leave the European Union, but then fell back below $500 in August as traders digested the outcome. Since then, Bitcoin has gained 92.5% with a good portion of that (~30%) coming since the US election.

Bitcoin has only briefly traded over $1,000, and that was in late 2013.

NOW WATCH: Watch Yellen explain why the Federal Reserve decides to raise rates

READ MORE ARTICLES ON


Advertisement

Advertisement