Just a week ago Bitcoin hit the $10,000 mark, now the cryptocurrency has hit another milestone, it has broken the $12,000 price range.
At the time of writing this article Bitcoin is on its way to breaking $13,000, it is sitting at $12,701.55, that is an impressive gain in a a week.
In January of this year Bitcoin was just under $1,000, it has grown massively this year, in May it hit $2,000 and then $3,000 in August. In October it was sat at $5,000 and was at $7,000 in early November. It has grown considerably in the past two months and looks like it is going to continue to increase in price by the end of the year.
We heard earlier this week that the UK and European governments intend to regulate Bitcoin and apply the same money laundering rules to it as they do with normal currencies. This appears to have had a positive effect on the price of the currency.
Source CoindeskFiled Under: Technology News