Bitcoin Surpasses $14000 Mark on Thursday, as S. Korea Rally Continues

Bitcoin Surpasses $14000 Mark on Thursday, as S. Korea Rally Continues

Bitcoin Surpasses $14000 Mark on Thursday, as S. Korea Rally Continues

The digital currency has shot above the $15,000 mark for the first time - the fourth big barrier it's broken in less than two days.

"Drawing investor attention to bitcoin futures could have been a way to cool down the overheated (cryptocurrency) market", an industry source told The Korea Herald on December 6.

Bitcoin, which is up nearly 1300% this year, was more than halfway toward eclipsing $13000 by late morning, a 7.7% increase on the day, according to the research website CoinDesk. Despite the warnings from renowned economists and business leaders, its has continued to appreciate in value.

It zipped past $12,000, $13,000 and $14,000 within the past 48 hours before popping above $15,000 on Thursday morning in NY, according to the tracking site CoinDesk.

The news came after a civic association preparation committee, led by Kim, mapped out Wednesday the voluntary regulation of cryptocurrency in the nation suffering from a legal vacuum.

Reportan tiroteo en escuela de Nuevo México
A través de las redes sociales pidieron a los residentes evitar el área e informaron que la escuela estaba siendo evacuada. Todavía no es claro si el tiroteo ocurrió al interior o a las afueras de la escuela .

Bitcoin has suffered a series of steep drops during its epic rally this year, giving investors jarring reminders of its extreme volatility.

The virtual currency has drawn the attention of scores of investors after gaining over 1400 percent year-to-date and hitting its all-time high of over Dollars 15,000.

But a study published this week by Natixis Investment Managers, a major French asset management firm, found that 64% of institutional investors think bitcoin is a bubble.

South Korea, an emerging market for cryptocurrency trade, is likely to remain out of the global race to sell bitcoin futures to investors.

Bitcoin is one of many cryptocurrencies, virtual "coins" that are "mined" by computers using complex algorithms.

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