Bitcoin Price Hits $5,900 A Record High

Earlier today, the price of Bitcoin reached to a record high, almost reaching $6,000. That is a major comeback after the price fell to just above $3,000 a few weeks ago after China banned the crypto exchange. For the week, bitcoin is up 30 percent.

According to the CoinMarketCap, the valuation of crypto currency, bitcoin now has over $95 billion, that is up from $10 billion a year ago.

Bitcoin is a crypto currency that is built on blockchain technology. Blockchain is one of the most talked-about technologies of 2017 and is expected to grow much faster in coming years. Several countries and businesses including tech giants, financial institutions, banks, and other industries are looking into blockchain to implement in their business transitions.

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