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Bitcoin Draws Near to All-Time Peak

Bitcoin is exhibiting its best performance in a month as it stood at $1,241, up 2.8%, and is inching closer to its all-time peak of $1,277.65 recorded on March 6.

After the SEC turned down a proposal to launch an ETF focusing on bitcoin, the virtual currency touched a record high of $1,327.19 before losing over 25%. A few weeks later, the US regulator dismissed plans for introducing a bitcoin ETF.

Since 2010, the digital currency has been the leading currency, in terms of performance, every year except in 2014. It has surged 30% so far this 2017.

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