Bitcoin hits all-time high

Bitcoin has hit an all-time high, reported CoinDesk.

Citing the CoinDesk Bitcoin Price Index – the index Google uses for its results – the report stated that Bitcoin’s previous highest level was $1,165.89 in November 2013.

As of 24 February, it was sitting at over $1,200.

Reports suggest that the prospect of the US Securities and Exchange Commission approving the Winklevoss Bitcoin ETF – the first bitcoin ETF – has increased trader confidence.

CoinDesk reported that the commission has a deadline of 11 March to make its decision.

Bitcoine price

Now read: MMM “Ponzi scheme” back in South Africa with Bitcoin-based currency

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Bitcoin hits all-time high