Bitcoin’s rally continues on Friday, with the digital currency breaking through the $900 per coin mark.
Friday marks a fresh 2016 high for bitcoin against the dollar and the first time the cryptocurrency has been above $900 this year.
Here is how bitcoin looks against the dollar over the last three months — note the sharp uptick at the end:
It is unclear what’s driving bitcoin’s recent rally.
Bitcoin has behaved like a risk asset this year, spiking around the Brexit referendum in June and Trump’s election in November. However, there has been no news trigger over the last few days to drive a fresh spike and other safe-haven risk assets, such as gold, aren’t rising in-line.
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