Finance: Through the $10K Barrier for Bitcoin

We reported yesterday that crypto-currency Bitcoin had the 10K mark in sight. Well, as the following report shows, it surpassed that


-WSJ

Bitcoin crossed the $10,000 mark for the first time in its nine-year history, the latest burst in a rally that has transformed the virtual currency from a curiosity to a hot topic for mainstream investors.

The digital currency on Tuesday traded as high as $10,025.96 and is up 21% since Friday, according to research site CoinDesk. For the year, it is up 933%, having started the year at $968.23.

In recent months, investors have set aside doubts about bitcoin's use by criminal elements and focused instead on the potentially transformative technology behind it and the prospect that bitcoin could replace gold as an investment to hold when faith ebbs in fiat currencies.