Bitcoin surges above $15,000 after climbing $2,000 in 12 hours

 07 Dec 2017 - 17:24

Bitcoin surges above $15,000 after climbing $2,000 in 12 hours
A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo

Reuters

LONDON: Bitcoin rocketed above $15,000 for the first time ever on Thursday, up more than 10 percent on the day, after adding more than $2,000 to its price in fewer than 12 hours.

Bitcoin, the world's biggest and best-known cryptocurrency, has seen a more than fifteen-fold surge in its value since the start of the year.

It climbed to as high as $15,212 on the Luxembourg-based Bitstamp exchange just after 1400 GMT, having traded just above $13,000 12 hours earlier.

Many market-watchers said the launch this weekend of bitcoin futures by CBOE, one of the biggest global derivatives exchanges, was helping drive up the price on expectations it would draw more investors to the market.