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Bitcoin smashes $10,000 landmark on South Korean exchange

November 28th, 2017
Categories: News

Link: https://www.rt.com/business/411106-bitcoin-record-10000-exchange/

The first decentralized peer-to-peer payment system, bitcoin, has broken through the $10,000 mark on South Korea’s Bithumb, one of world’s biggest exchanges for cryptocurrencies. The price of bitcoin this year has jumped more than 10-fold.

The digital currency is still unrecognized or regarded as an asset by most central banks. It started the year at below $1,000. Two weeks ago, bitcoin saw it's price drop by 30 percent to $5,500. It has since nearly doubled to over $10,000.

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