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Saturday, May 13, 2017

Bitcoin's blockbuster week in two charts


Bitcoin broke through $1,800 to a fresh record high on Thursday, and has gained more than $200 this week alone, driven by a huge jump in demand from around the world.

The digital currency started off the week at around $1,555 per coin, then breached $1,700 for the first time on Tuesday before carrying on to climb above $1,800, according to Coindesk data.

The price slipped today, from around $1,830 yesterday to $1772 currently. Still, the cryptocurrency is set to finish the week with a gain of around 13 percent.

This accumulation has added around $2 billion to bitcoin's market cap. It currently stands at $28.86 billion. At the start of the year, the market cap was around $16 billion.

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