The digital asset rose to as much as $13,017.96, according to the CoinDesk Bitcoin Price Index (BPI). Bitcoin's Sustained MomentumThe digital currency has had a blockbuster year, breaking through several price levels and generating some very promising returns. As the digital currency rises to fresh highs, these record levels draw media attention, resulting in a fresh stream of news stories. "News begets news with momentum driving momentum," said Charles Hayter, co-founder and CEO of digital currency platform CryptoCompare. The digital currency has entered a bubble, claimed cryptocurrency fund manager Jacob Eliosoff.

Source: Forbes December 06, 2017 19:38 UTC