Bitcoin Price Climbs to Highest Level in Nearly 3 Years

By Timothy Sohn Dec 5, 2016 9:21 PM EDT

(MarketWatch) – Bitcoin traders are finally moving past the collapse of Tokyo-based digital-currency exchange Mt. Gox. The price of a single Bitcoin touched $777 on Friday, its strongest level since February 2014, when reports that hackers had stolen millions of dollars’ worth of customers’ Bitcoins from Mt. Gox, formerly one of the world’s largest Bitcoin exchanges, sent prices plunging.

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