The price of bitcoin soared to record highs on Monday and approached the symbolic $10,000 threshold even as some traditional marketplaces warned they were becoming “uncomfortable” with the volume and volatility of trading in the cryptocurrency.
Bitcoin’s value has risen more than 850 per cent from around $1,000 at the start of the year to a high on Monday of $9,747, an ascent that masks dramatic drops along the way.
IG Group, the world’s largest online trading platform, told the Financial Times it had suspended trading of some of its bitcoin derivatives on Monday after roaring demand for the products left the company facing a high security risk.
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