Bitcoin touched a high of $17,150 on January 6
PayPal co-founder Peter Thiel made massive bets on bitcoins in 2017
On Coinsecure, a bitcoin can be bought for Rs 11.40 lakh
A few days after the media reports appeared suggesting that PayPal's co-founder Peter Thiel's 'Founder Fund' invested over $15 million in bitcoins last year, the cryptocurrency prices started recuperating again. The bitcoins prices had hit a glass ceiling near $14,000 towards the end of 2017, but have started recovering lately. The price has been on an upward swing in the past few days and hit a high of $17,149. The latest trigger came when the reports surfaced early last week that Paypal co-founder and billionaire investor Peter Thiel had made massive bets on the cryptocurrency in the year 2017.
On January 6, the digital currency BTC opened trading at $17,142 and hit a high of around $17,150 and a low of $16,840. At 8.10 am, the cryptocurrency was being traded at $16,895 on BitStamp.