The price of a single bitcoin reached $777 on February 2014, its highest point since Friday, when hackers stole millions of dollars' worth of bitcoin from Mt. Gox causing prices to plummet. The recent price increase has likely been driven by Donald Trump winning the US presidential election, China's devaluation of the yuan and concerns over the Italian referendum, according to Charles Hayter, CEO of Cryptocompare. He added that India's decision to scrap the country's 500- and 1,000-rupee notes could also be a factor.
The price of a single bitcoin reached $777 on Friday, its highest point since February 2014, when hackers stole millions of dollars' worth of bitcoin from Mt. Gox causing prices to plummet. The recent price increase has likely been driven by Donald Trump winning the US presidential election, China's devaluation of the yuan and concerns over the Italian referendum, according to Charles Hayter, CEO of Cryptocompare. He added that India's decision to scrap the country's 500- and 1,000-rupee notes could also be a factor.