Bitcoin breaks $2,900 barrier to hit record highJune 7, 2017 - 17:49 AMT PanARMENIAN.Net - Bitcoin’s rocketing rise in value shows no sign of abating after breaking the $2,900 mark Tuesday, June 6, according to RT. The digital payment reached a value of $2,967.48 at around 1.20pm UTC Tuesday, June 6 according to the Coindesk Bitcoin Price Index. The pricing is a record high for the cryptocurrency which has been hit with periods of volatility. The latest Bitcoin Price Index is 2,903.42 USD https://t.co/lzUu2wyPQNpic.twitter.com/eoykYLBlCf — CoinDesk (@coindesk) June 6, 2017 Bitcoin experienced an unprecedented surge in worth recently after trading for the first time above $1,500 back in May. The spike has been linked to the legalisation of digital currencies in Asia in recent weeks. However, some financial observers suggest the hike is down to increasing confidence in the alternative currency. Bitcoin +200% in 2017. this ride isn't just Japan anymore: USD back as majority currency. it's a hedge/safe haven. https://t.co/eoQUmjtVddpic.twitter.com/cXxhgHNpRI — Daniel Roberts (@readDanwrite) June 6, 2017 #bitcoin hike:@CNBC says it's Japan: https://t.co/uvK7DsX5R4@McClatchyDC says China, Japan: https://t.co/VSnb57HrLg it isn't 1 thing. pic.twitter.com/eJzc0ZF0XH — Daniel Roberts (@readDanwrite) June 6, 2017 “The biggest driver [of bitcoin] right now is you’re starting to see institutional investors take a keen interest in the entire sector,” financial commentator, Brian Kelly, said last month. “I don’t think this is hot money. This is real money that’s going to sit around and build the new internet.” Bitcoin rival, ethereum, an open source platform providing ‘ether’ cryptocurrency, also received a boost this month. The currency, which went live in 2015, reached an all-time high in value of $250.41 on Sunday. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |