Bitcoin surged to a record high on Thursday as investors piled into the cryptocurrency, APA reports citing CNN.
Bitcoin hit a record high of $111,970 Thursday morning and traded around $111,870 as of the afternoon.
The world’s largest cryptocurrency by market value has surged almost 50% since dropping just below $75,000 in early April. This week it surpassed $110,000 for the first time ever before rising to nearly $112,000 of Thursday.