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Bitcoin crosses $10,000 threshold for first time

Bitcoin rose above the symbolic $10,000 threshold for the first time on Wednesday, bringing its rise for the year to date to more than 900 per cent.

The price of the cryptocurrency edged above $10,000 on Coinbase, the largest dollar denominated bitcoin exchange, which gave the latest price as $10,052 on Wednesday morning in Asia. Bloomberg data gave the intraday high as $10,058 before easing to $9,999.

Bitcoin was trading at around $1,000 dollars at the beginning of 2017. It hit $9,000 on Sunday.

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