Bitcoin is soaring, and on track for its biggest gain since April

Bitcoin, the biggest cryptocurrency by market value, surged as much as 10% on Wednesday, its biggest daily gain since mid-April.

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  • It has fallen 40% since November 14, a few days before a hard fork in its rival
  • Over the long run,
  • Watch bitcoin trade live.

It has been a tough year for digital-currency investors, who saw prices explode in 2017 as cryptomania swept over the world. Bitcoin, for example, began 2017 worth less than $1,000 a coin before soaring more than 2,000% to a high of $19,511.

This year has been a different story, however, with the cryptocurrency's value having plunged by 68%.

"Bitcoin and all cryptocurrencies are considered to be high risk,"

  • Bitcoin tumbles to its lowest level since September 2017
  • Top US financial regulator pours more cold water on the one thing Bitcoin investors need right now

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