Bitcoin passes $1,000 mark for the first time, up over 62% in a week

Emil Protalinski

Bitcoin hit a new milestone today, passing the $1,000 mark for the first time. The virtual currency is currently trading above the four-digit figure, with its highest at $1,030 on Mt. Gox, one of the largest exchanges.

Last week, Bitcoin’s high for the day was $632. That means its trading value has surged 62.83 percent in a week, assuming we’re looking at just its high points. That figure could of course rise even further if Bitcoin continues to push further up throughout the day.

That’s certainly possible; in the last month or so, the virtual currency seems to have seen no bounds. At the same time, it has also fluctuated quite a bit: less than three weeks ago.

Read more