Bitcoin guns for $10 000 as cryptocurrency mania intensifies

New York – Bitcoin is showing no signs of slowing down, easing past $9 000 less than a week after topping $8 000 and now quickly closing in on five big figures.

“Bitcoin has seen another frenzy of buying as the fear of missing out trade bites even harder,” analysts at IG Group, a trading-platform operator, wrote in a note on Monday. “There are others who see downside risks from the introduction of bitcoin futures,” they wrote.

 

WATCH: Bloomberg’s Adam Haigh reports on the surge in Bitcoin

The total market cap of digital currencies now sits north of $300bn, according to Coinmarketcap.com’s website.

Images: FIN 24

 

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