Newslink: Bitcoin hits $17,000 as bubble fears mount

in #newslink7 years ago (edited)

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Bitcoin briefly crossed through the $17,000 (£12,615) mark in volatile Asian trading, extending its record-breaking run.

The cryptocurrency has soared about 70% this week according to Coindesk.com, despite fresh warnings of a dangerous bubble.

Its dramatic rise has been likened to a "charging train with no brakes".

As concerns mount, an industry group has warned plans to start bitcoin futures trading were "rushed through".

In a choppy Asian session, the digital currency breached new highs before falling back to about $16,000.

http://www.bbc.com/news/business-42275564

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