The price of bitcoin rose sharply on Monday with its price spiking up 7 percent midday, according to CoinDesk market data.
The price of the cryptocurrency is up nearly 300 percent year to date.
Bitcoin is still under the $4,000 level, which it broke through after JPMorgan CEO Jamie Dimon said on Sept. 12 that the cryptocurrency is a "fraud" that will eventually blow up.
In addition, recent reports said regulators in China have ordered bitcoin exchanges to close hurt the digital currency's price.
Full story at http://cnb.cx/2wkifoY
Source: CNBC
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