Bitcoin Triples Since Start of Year to Almost $3,000

 

A twenty-five bitcoin. Photographer: Tomohiro Ohsumi

• Bitcoin Triples Since Start of Year to Almost $3,000

Bitcoin gained as much as 5.8 percent to a record high of $2,999.98.
The cryptocurrency has tripled its value since the beginning of the year amid greater acceptance of the blockchain technology in China that underpins the exchange method, political uncertainty and increased interest in Asia.
However, experts have said this continuous surge maybe bubble in the making as the cryptocurrency has repeatedly key resistance level without solid fundamental or showing signs of slowing down.