Bitcoin exceeds record-breaking $14,000

Bitcoin exceeds record-breaking $14,000

Bitcoin exchange rate rose by 16.5% to $14,507 for the first time, according to the data of the electronic cryptocurrency platform Coinmarketcap.

On November 29, the cryptocurrency set a historical record, rising by more than 10% and breaking the $11,000 mark.

Earlier on November 28 bitcoin exchange rate exceeded $10,000 for the first time.

Bitcoin - which came into being in 2009 - has risen from a 2017 low of $752 in mid-January, and surged dramatically in the past month.

The increased interest has been driven by growing acceptance among traditional investors of an innovation once considered the preserve of computer nerds and financial experts.

US regulators last week cleared the way for Bitcoin futures to trade on major exchanges, including the world's biggest futures centre the Chicago Mercantile Exchange (CME).

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