Bitcoin surges past $1,900 for the first time

BitcoinMarkets Insider

Bitcoin is at it again. Overnight, the cryptocurrency topped $1,900 for the first time. Currently it trades up 2.3% at $1938.81 a coin. 

Friday’s gains have bitcoin up about 102% since March 27. The cryptocurrency has gained in 23 of the past 26 sessions. 

The rally has seemingly been sparked by news out of Japan at the beginning of April that bitcoin is now considered a legal payment method in the country. Along the way, Ulmart, Russia’s largest online retailer, said it would begin accepting bitcoin even though Russia said it wouldn’t explore the cryptocurrency until 2018.

The gains also seem to be boosted by speculation the US Securities and Exchange Commission could overturn its Winklevoss bitcoin ETF ruling. The SEC was accepting public comment on its decision until May 15, but hasn’t yet announced whether or not it will overturn its rejection of the ETF.   

Bitcoin has gained 105% so far in 2017. It has been the top-performing currency every year since 2010, except for 2014.

Get the latest Bitcoin price here.

Comments

comments

Filed in: Mainstream Bitcoin Tags: ,

You might like:

$7 Million: Bitcoin Wallet Startup Breadwallet Raises New Funding $7 Million: Bitcoin Wallet Startup Breadwallet Raises New Funding
$80,000: Zcash Foundation to Launch Grant Initiative $80,000: Zcash Foundation to Launch Grant Initiative
Swiss digital asset exchange buys U.S. wallet maker in all-bitcoin deal Swiss digital asset exchange buys U.S. wallet maker in all-bitcoin deal
Bitcoin and Beyond. Blockchain Targets $27 Billion Gold Market Bitcoin and Beyond. Blockchain Targets $27 Billion Gold Market
Bitcoin is posting new record highs Bitcoin is posting new record highs
Payza Releases Streamlined Instant Payza Card Loading Process for Bitcoin Payza Releases Streamlined Instant Payza Card Loading Process for Bitcoin
Blockchain & Bitcoin Conference Stockholm to feature discussions on ICOs and blockchain development Blockchain & Bitcoin Conference Stockholm to feature discussions on ICOs and blockchain development
Get Ready, November Event Coming For Bitcoin Get Ready, November Event Coming For Bitcoin
© 2017 Virtual Mining Bitcoin News. All rights reserved. XHTML / CSS Valid.