Bitcoin Tops Record $19K, Falls Back Down - NBC 6 South Florida
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Bitcoin Tops Record $19K, Falls Back Down

The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows

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    Bitcoin Tops Record $19K, Falls Back Down
    AP Photo/Rick Bowmer, File
    This April 3, 2013, file photo shows bitcoin tokens in Sandy, Utah. Bitcoin surged Thursday, crossing the $15,000 mark

    Bitcoin surged past $19,000 for the first time Thursday before falling sharply from its record high.

    In trading on the Coinbase exchange, the digital currency hit a high of $19,340 after soaring through $12,000 on just Tuesday night. After hitting the record high Thursday, bitcoin fell more than 20 percent from that level to $15,198.63. At 12:02 p.m. New York time, the cryptocurrency traded at $16,260.01.

    Despite its wild ride, bitcoin now has a market value of more than $270 billion, meaning it would rank among the 20 largest stocks in the S&P 500.

    The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows.

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    On Sunday night, the moon, Earth and sun lined up to create an eclipse, which was visible throughout North and South America, where skies were clear. It was also the year's first supermoon, when a full moon appears a little bigger and brighter. (This video does not have audio)

    (Published Monday, Jan. 21, 2019)