Cryoto Currency Mania: Bitcoin reached an intraday record high of US$9,747.49 on Monday, and was at US$9,656.31 as of 12:20pm in London, up 17% from last Friday and headed for its biggest daily increase since Aug 14. The pace of appreciation has made it difficult for bullish analysts and investors to keep their predictions up to date.
NEW YORK: Bitcoin blew past US$9,700 just a week after topping US$8,000 and approached its closest ever to five figures, gaining mainstream market attention as it defies bubble warnings.
The biggest price jump since August consolidated during Japanese trading hours and vaulted the largest cryptocurrency’s value in circulation above the market caps of all but about 30 of the S&P 500 index members.
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