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In One Chart: Bitcoin price climbs to highest level in nearly 3 years

Bitcoin traders are finally moving past the collapse of Tokyo-based digital-currency exchange Mt. Gox.

The price of a single bitcoin US:BTCUSD touched $777 on Friday, its strongest level since February 2014, when reports that hackers had stolen millions of dollars’ worth of customers’ bitcoins from Mt. Gox, formerly one of the world’s largest bitcoin exchanges, sent prices plunging.

Coin Market Cap

Charles Hayter, founder and chief executive officer of Cryptocompare, which provides data and analytics about the digital-currency market, said this most recent price run-up is likely due to a combination of factors: President-elect Donald Trump’s victory in the U.S.

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