Monday, April 17, 2017

Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency

Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency

Bitcoin is up nearly $100 in the past week, hitting levels not seen since mid-March after Japan legalized the cryptocurrency as a payment method and Russia is seeking to regulate it too.

The digital currency was trading at around $1,223.04 at the time of publication, up from highs of $1,124.88 on April 5, and hitting prices not seen since March 16, according to Coindesk data. Bitcoin's market capitalization has risen from $18.34 billion on April 5, to $19.5 billion on Wednesday, according to Coinmarketcap.com data.

Bitcoin has suffered a recent dip in price thanks to a debate over the future of its underlying technology, but the recent support appears to have come from Japan.

Full story at http://cnb.cx/2pDH77e

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