Published on May 18th, 2017 | by bitcoin0
Bitcoin Soars to the Moon – Market Watch
The price of bitcoin jumped to a record high on Wednesday, boosted amid a broad equity selloff and a move to safe haven assets.
The price of one bitcoin climbed 6%, according to pricing website CoinDesk, reaching an all-time high of $1,821.21.
The CBOE Volatility index
surged more than 26%.
While bitcoin itself is notoriously volatile, many market participants use it as a tool for diversification, as it has low correlation to other assets classes.