Bitcoin prices rise to 1-month high as rally continues
Investing.com
Published Jan 07, 2014 05:08AM ET
Bitcoin prices hold above USD1,000
In the past month, the number of businesses on CoinMap, a website showing physical companies and vendors accepting Bitcoin, has tripled to more than 2,300.
BTC/USD rose 0.15% during European morning hours to trade at USD1,022.50 on the Tokyo-based Mt. Gox Bitcoin exchange. The currency rose to a session high of USD1,093.68 earlier in the day.
Bitcoin prices rallied to USD1,092.90 on Monday, the highest since December 6. Prices of the virtual currency soared to an all-time high of USD1,241.10 on November 29. It was trading at USD100 in early October.
Bitcoin is digital cash for the internet and it is not backed by a government or central bank to regulate or issue it. It can be used to purchase goods and services from stores and online retailers.
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Written By: Investing.com
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