|RT | Jun 6, 2017|
|© Jens Kalaene / Global Look Press|
The digital payment reached a value of $2,967.48 at around 1.20pm UTC Tuesday, according to the Coindesk Bitcoin Price Index. The pricing is a record high for the cryptocurrency which has been hit with periods of volatility.
The spike has been linked to the legalisation of digital currencies in Asia in recent weeks. However, some financial observers suggest the hike is down to increasing confidence in the alternative currency.
Bitcoin +200% in 2017. this ride isn't just Japan anymore: USD back as majority currency. it's a hedge/safe haven. https://t.co/eoQUmjtVddpic.twitter.com/cXxhgHNpRI— Daniel Roberts (@readDanwrite) June 6, 2017
#bitcoin hike:@CNBC says it's Japan: https://t.co/uvK7DsX5R4@McClatchyDC says China, Japan: https://t.co/VSnb57HrLg— Daniel Roberts (@readDanwrite) June 6, 2017
it isn't 1 thing. pic.twitter.com/eJzc0ZF0XH
Bitcoin rival, ethereum, an open source platform providing ‘ether’ cryptocurrency, also received a boost this month.
The currency, which went live in 2015, reached an all-time high in value of $250.41 on Sunday.