You are here

Bitcoin price soars, fuelled by speculation and volatile currencies

A tilt towards isolationism in the US and European politics has given a new sheen to the bitcoin, which traded at about US$1,025 on Tuesday, about 140% more than what it cost at the beginning of 2016.

San Francisco

THE virtual currency bitcoin has been swept up in yet another speculative frenzy, pushing its price towards the peak it last reached in late 2013.

The price of bitcoin has been buoyed by increased interest from places such as Venezuela, where the local currency has...

Market voices on: