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Bitcoin value passes $1,000

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Sandra Wilson
Jan 03, 2017 16:38
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Valuation has been helped by the devaluation of the Yuan in China.

Bitcoin owners have had a successful start to 2017 as the valuation of the crypto currency surpassed $1,000.

Towards the end of 2016 the digital currency saw the price of one Bitcoin reach $875 on the European Bitstamp exchange, now it is valued at $1,012.74, at time of writing.

The value of bitcoin has shot up in recent months that in part to the devaluation of the Yuan by China and India s removal of high valuation bank notes.

The valuation of over $1,000 marks the first time in three years it has gone past this point.

One of the biggest boosts to the currency s value was the US election win by Donald Trump.

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Sandra Wilson
Jan 03, 2017 16:38
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