The cryptocurrency 's winning streak comes amid wild start to 2017. Bitcoin rallied 20% in the opening days of the year, adding to its 120% gain in 2016 that made it the top performing currency for a second straight year. The gains ran bitcoin above the $1,000 level for the first time since November 2013.
ADVERTISEMENT
Bitcoin is rallying for an 8th straight day
Bitcoin is on track for an eighth straight day of gains as it trades higher by 1.4% at $1,026 per coin as of 7:28 a.m. ET.
However, concerns that China was going to start cracking down on trading sparked a 35% plunge over a matter of days. But trade managed to bottom out near $750 and shrug off news that China's three largest bitcoin exchanges were going to charge a flat fee of 0.2% per transaction.
The current winning streak has tacked on nearly 15% and has bitcoin taking a run at the January high near $1,161.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Here's everything to know about being a virgin on your wedding night
7 do's and don’ts of the Holy month of Ramadan
Top 5 sweetest celebrity mother-child relationships that stand out for us
International Women's Day: 5 Nigerian female celebrities championing women’s rights
Top 5 female directors in Nollywood
6 things that will break a Muslim's fast during Ramadan
5 benefits of fasting during Ramadan
5 reasons Easter was more fun when we were children
Dos and don’ts of supporting Muslims during Ramadan
ADVERTISEMENT