What is Bitcoin, what is its price in USD and GBP, what is mining and how does it work?

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THE controversial digital currency Bitcoin has soared to an all-time high after its price rocketed more than 15 per cent over the weekend.

As it stands on November 27, a single Bitcoin is valued at a staggering £7,300 – an 800 per cent rise since the start of the year.

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Here’s the lowdown.

8cf712bab7133c8a3ade0121822cda6b What is Bitcoin, what is its price in USD and GBP, what is mining and how does it work?

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