Bitcoin cost smashes $600 separator and leaps to trade above $650 in one day

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The new bitcoin cost convene continued in full force this weekend, as prices crushed by a $600 (£421) symbol and rose to trade above $650 in a singular day on Sunday.

Yesterday a cost of a singular bitcoin reached highs of $652.54, according to CoinDesk.

By a evening, a cryptocurrency was still trade adult some-more than 5 per cent on a opening cost of $611.78. Bitcoin hasn’t traded above $650 given early Jun 2014.

Read more: Bitcoin will turn a sixth largest tellurian haven banking by 2030

The many new convene has mostly been attributed to surging direct in China. The increasing investment has partly followed fears in China and Asia that a yuan could depreciate. Since 28 May, prices have risen by some-more than 20 per cent.

In another milestone, on Sunday bitcoin’s marketplace capitalisation edged above $10bn for a initial time given Feb 2014.

In March, a item manager Needham Company claimed a cost of bitcoin had been undervalued by $200 and

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