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Bitcoin Surpasses $1,500 for the First Time
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Bitcoin Surpasses $1,500 for the First Time

Source: rt.com

The world's most popular cryptocurrency continues to set historic highs this week. Bitcoin cracked the $1500 barrier on Thursday.

Bitcoin was trading at $1,515 against the US dollar at 2:00pm GMT, retreating from the day's high of $1,544.43, according to the CoinDesk price index. The digital currency has gained more than 32 percent during the past two weeks.

The rally has been credited to growing global demand led by Japan, which recently authorized digital currencies as a legal payment method, and its bitFlyer bitcoin exchange.

The US Securities and Exchange Commission's (SEC) plan to reverse its decision to reject a bitcoin exchange-traded fund (ETF), has also boosted the cryptocurrency.

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