On Sunday, more than $5 billion was traded on Bitcoin exchanges, according to the data site Coinmarketcap.com — a greater volume than what many American stock exchanges see on a normal day. It was on Korean exchanges where the price of Bitcoin first hit $10,000 on Monday. The recent price increases, though, have meant that Bitcoin is not living up to its promise as a currency routinely used for small purchases. Many Bitcoin investors have also come to believe that the Bitcoin network is not particularly well suited to handle lots of little transactions. This year, it appeared that the most popular virtual currency network other than Bitcoin, Ethereum, might pass Bitcoin in value.

Source: New Strait Times November 28, 2017 00:11 UTC