Bitcoin has quickly blown past its prior record of nearly $5,000. The cryptocurrency jumped to $5,856 on Friday, possibly in connection with Coinbase's announcement that it would begin offering instant currency purchases. Coinbase now lets people instantly purchase up to $25,000 worth of Bitcoin, ethereum, and litecoin using US bank accounts.
Woot! One of the biggest pieces of feedback we get on Coinbase is "why does it take so long!". Rolling out instant buystwitter.com/TechCrunch/sta…
This announcement, presumably alongside other factors, led to its price rising remarkably fast. It increased by 21% in just 48 hours, according to CoinDesk. Bitcoin now has a market value larger than Goldman Sachs' at $93 billion.
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