November 29, 2017 / 5:50 AM / a year ago

Bitcoin hits record high of $10,690.16 on BitStamp

SINGAPORE, Nov 29 (Reuters) - Virtual currency bitcoin rose to an all-time high above $10,690 on trading platform BitStamp on Wednesday, extending its gains for the day to more than 5 percent.

Bitcoin climbed above the $10,000 mark for the first time on Wednesday although it had already scaled that big figure earlier on other, albeit smaller, platforms.

It has increased more than 10-fold so far this year, posting the largest gain of all asset classes, on expanding financial and mainstream use.

Created in 2009, bitcoin uses encryption and a blockchain database that enables the fast and anonymous transfer of funds outside of a traditional centralised payment system. (Editing by Sam Holmes)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below