is at it again. Overnight, the cryptocurrency topped $1,900
for the first time. Currently it trades up 2.3% at
$1938.81 a coin.
Friday’s gains have bitcoin up about 102% since March 27. The
cryptocurrency has gained in 23 of the past 26 sessions.
The rally has seemingly been sparked by news out of Japan at the
beginning of April that bitcoin is now considered a
legal payment method in the country. Along the
way, Ulmart, Russia’s largest online retailer, said it
begin accepting bitcoin even though Russia said it
wouldn’t explore the cryptocurrency until 2018.
The gains also seem to be boosted by speculation the US
Securities and Exchange Commission could overturn its
Winklevoss bitcoin ETF ruling. The SEC was accepting public
comment on its decision until May 15, but hasn’t yet announced
whether or not it will overturn its rejection of the ETF.
Bitcoin has gained 105% so far in 2017. It has been the
top-performing currency every year since 2010, except for
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