Bitcoin Tops Record $19K, Falls Back Down - NBC 10 Philadelphia
National & International News
The day’s top national and international news

Bitcoin Tops Record $19K, Falls Back Down

The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows

    processing...

    NEWSLETTERS

    Bitcoin Tops Record $19K, Falls Back Down
    AP Photo/Rick Bowmer, File
    This April 3, 2013, file photo shows bitcoin tokens in Sandy, Utah. Bitcoin surged Thursday, crossing the $15,000 mark

    Bitcoin surged past $19,000 for the first time Thursday before falling sharply from its record high.

    In trading on the Coinbase exchange, the digital currency hit a high of $19,340 after soaring through $12,000 on just Tuesday night. After hitting the record high Thursday, bitcoin fell more than 20 percent from that level to $15,198.63. At 12:02 p.m. New York time, the cryptocurrency traded at $16,260.01.

    Despite its wild ride, bitcoin now has a market value of more than $270 billion, meaning it would rank among the 20 largest stocks in the S&P 500.

    The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows.

    Survivor of Santa Fe HS Shooting: 'I Was Scared for My Life'

    [NATL] Survivor of Santa Fe High School Shooting: 'I Was Scared for My Life'

    Dakota Shrader, a student from Santa Fe High School, describes what happened when shots were fired during her morning history class. Multiple people died during the shooting.

    (Published Friday, May 18, 2018)