The price of the digital currency Bitcoin soared to record high on Wednesday, zooming above $11,000, less than a day after hitting the symbolic $10,000 threshold, despite growing fears over an asset bubble.
On the U.S.-based Bitfinex exchange, Bitcoin was up more than 10% at $11,297 by 9:30AM ET (1430GMT), the highest level in its nine-year history.
The move has helped give the cryptocurrency legitimacy in the eyes of some traders, but analysts have warned that an asset bubble is building.
Source: https://finance.yahoo.com/news/bitcoin-prices-extend-breathtaking-rally-162100254.html
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