Bitcoin experienced a further surge in value as it broke through the $8,000 (£6,174) mark, the highest level the cryptocurrency has reached in a year, after hitting a nine-month high at the weekend.
The virtual currency expanded on a recent period of gains to climb as high as $8,166 yesterday, reaching its peak in value since May 2018, data from Luxembourg-based firm Bitstamp revealed. The 12-month high comes following a recent swell in value for bitcoin, which defied wider market concerns over the US and China trade war to leap more than 60 per cent over the last month.
The rise in value was largely attributed to positive news from several major cryptocurrency conferences yesterday, while crypto exchange firm Bitfinex also launched a $1bn fundraiser for the currency.
The second largest cryptocurrency by market capitalisation, Ethereum, experienced a more modest uptick, increasing to a six-month high of just over $205.
Latest News
-
UK bank branch numbers decline rapidly in five years, figures show
-
Intermediary confidence remains despite mortgage market cooling
-
IHT receipts jump 8% year-on-year in July
-
Mortgage products ‘no longer fit for purpose’, brokers say
-
Aberdeen agrees sale of financial planning business
-
Annual house price growth climbs to 3.7% – ONS
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories