Bitcoin reaches $10,000 valuation

A single Bitcoin has hit $10,000 (£7,495) for the first time despite fears of a bubble.

The cryptocurrency hit $5,000 (£3,750) for the first time in October and in the brief period since then has doubled in value again. It traded at $10,009 on the CEX exchange on Tuesday morning before dropping back down.

The digital cash has increased 1,000% in value so far this year and it’s continuing to attract investors.

There are a few things to consider before you invest in bitcoins: The cryptocurrency is extremely volatile, crypto hedge funds charge serious fees to invest your money, and the value of bitcoin is only based on the assumption that it will continue to grow and become the predominant cryptocurrency.

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