Sh1.03mn in sight for bitcoin as it rockets to new record high

The digital currency has seen an eye-watering tenfold increase in its value since the start of the year. FILE PHOTO

Bitcoin’s vertiginous ascent showed no signs of stopping on Monday, with the cryptocurrency soaring to another record high just a few per cent away from $10,000 (about Sh1.03 million) after gaining more than a fifth in value over the past three days alone.

The digital currency has seen an eye-watering tenfold increase in its value since the start of the year, and has more than doubled in value since the beginning of October.

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