It follows a steady increase in the value of the crypto currency in recent months buoyed bitcoin breaks 1000 China's devaluation of the yuan, the removal of high valuation bank notes in India in November, and increasing interest in the digital coin.
Most Bitcoin trading occurs in China with huge farms both high tech and low and dirty mining to gain new and increasingly more difficult to extract bitcoins. A significant boost to the currency's value also coincided with Donald Trump claiming the November US election. Bitcoin hits USD bitcoin breaks 1000 on the first day of new year. Other crypto currencies have risen in the wake of Bitcoin including Ethereum, Ripple, and Litecoin.
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