Reports reaching Newstac few hours ago reveals that the steady rise in value is linked to policy change in China and Japan, making it easier for spectators to trade in bitcoin.
The steady growth and dominating force of the Bitcoin has sparked up the creation of many other crypto currencies.
Ethereum and Ripple which have been long rivals of Bitcoin have been making value far faster than Bitcoin over the past few months.
According to the BBC, the surging valuations has led some commentators to suggest that an unsustainable crypto-currency bubble is developing. Other works
Written by Will Uvoh