Bitcoin on the rise again

 In News

Bitcoin’s price topped $1,000 last Monday for the first time since 2013, marking a comeback that could see it gaining further acceptance, according to CBS News.

The price of a bitcoin rose to $1,008, short of the $1,125 peak hit in late 2013, but a vigorous rebound from its three-year low of $210 in January 2015. According to the CBS report, the run-up is being driven by buyers in China and India, where government crackdowns on moving money abroad have resulted in massive adoption of the virtual currency.

Bitcoin has more than doubled in value since early January 2016, and now boasts a total global value of $16.4 billion.

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