Bitcoin hurtles towards $10,000 mark

Up 918% this year

Tom Eckett
clock • 1 min read

Bitcoin hit a fresh record high on Monday of $9,687 (£7,272) as the virtual currency shows no sign of slowing down in its pursuit of the $10,000 mark.

The cryptocurrency rose 4.5% on the Luxembourg-based Bitstamp exchange in early morning trading, which is its closest position to five figures. Furthermore, bitcoin prices have jumped 45% in the last two weeks alone, while soaring 918% since the end of 2016 when it was trading at just $952. However, pricing of the virtual currency is notoriously volatile. The recent surge in prices has been driven by the world's largest derivatives exchange operator CME Group last week announcing it would start offering bitcoin futures as early as December, according to Bloomberg. Gold trading sink...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read