Bitcoin surges $10k in 1 month, reaches top value so far

Bitcoin is continuing to skyrocket, as it surpassed the $16,000 mark in less than two days following a 20 percent plunge last week, CNBC reports.

As of 10:15 a.m. Thursday, one bitcoin was valued at $17,475, representing a $10,406 increase since last month, according to Coinbase, a cryptocurrency exchange. At one point Thursday morning, its value exceeded $19,000.

This latest surge began Tuesday night when it topped $12,000 as the digital currency recovered from a 20 percent drop the week prior. Bitcoin now has a market value of more than $270 billion and would rank among the 20 largest stocks in the S&P 500, according to CNBC.

Bitcoin began the year below $1,000 but its gains have sparked investor interest, as well as concern from international governments — earlier this week, the U.K. and European Union announced plans to regulate cryptocurrencies amid concerns of money laundering, according to Business Insider.

More articles on cybersecurity:

Lowell General Hospital notifies 769 patients of data exposure resulting from employee wrongdoing

Former employee at San Antonio clinic steals 28k patients' information

Henry Ford Health System notifies 18k patients of data breach involving compromised email

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars