Published on May 19th, 2017 | by bitcoin0
Bitcoin worth more than gold $4 billion increase this week
The digital currency was trading at around $1,951.87 on Friday morning, according to CoinDesk’s bitcoin price index.
Bitcoin’s market capitalization is now $31.89 billion, up more than $4 billion from Monday.
That’s thanks to recently passed legislation that allowed retailers in Japan to begin accepting bitcoin as a legal currency.
Japanese yen bitcoin markets are also trading higher than U.S. dollar markets, with the yen-bitcoin cross trading at 228,783.29 yen or $2,058.
Given that the Japanese yen has the highest share of bitcoin trading at the moment, this is helping push prices higher.