Bitcoin has passed the $1,000 mark for the first time in three years as investors show renewed interest in the digital currency.
The figure was passed first on the Bitfinex exchange on Sunday and then on Bitstamp, according to the Bitcoin.com website
The website coinmarketcap.com, which monitors the value of various digital currencies, shows that the current price of a Bitcoin is now $1,025 and that the value of all units in circulation is now worth $16bn.
The surge in Bitcoins value coincides with Donald Trump winning the US elections, suggesting people are looking to divest their money into new areas, potentially given concerns over currency and market valuations in the future.
However, it is mostly over the last two weeks that the currency has really ramped up in value, which some have speculated is due to India"s move to remove two major bank notes from circulation and China devaluing the Yuan.
As such this has pushed investors in these areas towards Bitcoin, helping boost interest in the currency in new, emerging markets, that some have taken as a sign the fledgling currency is on the verge of truly going global.
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