Published on October 21st, 2017 | by bitcoin0
Reuters report Bitcoin reaches $6,000
FILE PHOTO: A Bitcoin sign is seen in a window in Toronto, Canada, May 8, 2014.
REUTERS/Mark Blinch/File PhotoThe original virtual currency has gained over 500 percent this year, more than any other tradable asset class.
Bitcoin though is very volatile – posting gains and losses as high as 26 percent and 16 percent respectively on any given day.
On Friday, bitcoin hit a record peak $6,000.10 BTC=BTSP on the BitStamp platform, and was last at $5,964.24, up 4.7 percent on the day.
Bitcoin is a digital currency that can either be held as an investment, or used as a foundation for future applications through the blockchain, its underlying technology.