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Bitcoin hits record highs near $9,000 Monday

Bitcoin hits record highs near $9,000 Monday

Mubasher: Bitcoin on Monday has jumped to its highest level this year at $8,937.25 since an intraday high on 11 May 2018, according to Coindesk’s Bitcoin Price Index.

Other cryptocurrencies also surged on Monday including Ethereum, the second largest digital coin by value.

Traders have renewed their interest in the digital coin over the past weeks as its price is so far hovering over 140% this year.

Moreover, major firms carrying out cryptocurrency-related products have seen growth. For instance, Taiwan-based consumer electronics company HTC has launched a phone that helps its users store their digital coins.

Additionally, the American financial services company Fidelity has established a new company to help institutional investors trade bitcoin.