Bitcoin is soaring as traders return to work following the extended Christmas break. The cryptocurrency is trading up 3% to more than $929 and is at its best level in three years.
Bitcoin has seen a volatile fantastic 2016. Particularly th U.S president election plays a important roll in bitcoin industry. During the star tof the year cryptocurrency rallied from $432 and reached $750 in the days ahead of the UK’s vote to leave the European Union, but then fell back below $500 in August as traders digested the outcome. Since then, Bitcoin has gained 92.5% with a good portion of that (~30%) coming since the US election.
And by now the value has touched $ 930 as of 27 december 2016.
People expecting that the value will cross 1000$ in soon.