Bitcoin's inexorable rise towards $10,000 continued on Tuesday, looking at one point it could make the landmark level by the end of the day
As the price of bitcoin spirals towards $10,000, central bankers are warning its success is just a bubble.
Despite warnings of bubbles and reports of security breaches, the price of bitcoin continues to rise. Is there any sign that the crypto bandwagon is running out of steam or are we likely to see the valuation break the $10,000 mark this side of Christmas?
Rumours that Amazon may be poised to accept Bitcoin on its website saw a buying frenzy that sent the digital currency’s price skyrocketing.
The aggregate value of all cryptocurrencies has hit a record high of around $184bn, according to industry website Coinmarketcap.
Bithumb, which claims to be the world's largest cryptocurrency exchange, says Bitcoin is poised to reach nearly $7,000. Trading prices have already reached $6,100 per coin.