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Home News

Bitcoin Soars to $2,900; $1500 Up in a Month!

by Chinmay Bidkar
June 6, 2017
in News
Reading Time: 1 min read
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06 June 2017, India:

The world’s most popular cryptocurrency Bitcoin has been on a roll since past few months. It has almost reached the $3,000 mark and up by $1500 in just 30 days time. Bitcoin reached the all-time best $2,911.86 yesterday and at the time of press, it is $2857.53.

This is a huge news for all those who have already invested in the currency, people are getting some tons of profit. A guy named, Kristoffer Koch was writing a thesis on encryption in 2009 when he spent about $27 to buy 5,000 bitcoins. Koch’s original $27 investment is now worth about $1,000,000 that’s a return of 3,281,500% in four years!

Also read- Winklevoss Twins – The Duo Who Own Roughly 1% Of World’s Bitcoins!

Bitcoin exchange markets of the US and Japan control over 66% of the global bitcoin exchange market with a combined daily trading volume of $246,7 million and that might have very well led to the current surge.

Bitcoin prices began the month below $2,500, according to the BPI, trading as low as $2,330.23 on 1st June. Markets climbed above the $2,700 mark for the first time this month yesterday, rising steadily during Monday’s trading session as per the report by Coindesk. (Image- Fortune)

Tags: bitcoinBitcoin exchangeBitcoin pricecryptocurrency BitcoinDigital Currency
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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