29 Dec '16, 9pm

Bitcoin is flirting with $1,000 as year end nears

Here’s one milestone that might still be in reach before the ball drops on New Year’s Eve: Bitcoin is within reach of the closely watched $1,000 level. A single Bitcoin US:BTCUSD fetched as much as $975.06 on Thursday, according to pricing data from Coin Market Cap. While some observers have already written obituaries for the cryptocurrency, investors have been impressed by its resilience, pondering whether it could even challenge its all-time high above $1,200 in 2017. Bitcoin earlier this month took out its February 2014 high . That’s an important landmark in itself as it marked the digital currency’s top just before the Mt. Gox controversy, when one of the world’s largest cryptocurrency exchanges said hackers had stolen millions of dollars in customer bitcoins. It’s been a banner year for the digital currency, which is on track for its best annual performance since 2013...

Full article: http://www.marketwatch.com/story/bitcoin-is-flirting-with...

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Bitcoin is flirting with $1,000 as year end nears

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