Bitcoin Tops $1,700, Hits Historic Milestone

Bitcoin has reached an all-time high after passing the $1,700 mark for the first time in history. 

The digital currency hit a new record high on Tuesday as demand for Bitcoins grew along with the creation of new tokens to raise funding for startups using blockchain technology, Coindesk reports. 

Blockchain is the technology behind Bitcoin and it is, essentially, a financial ledger kept by a network of computers that can track the movement of any asset without actually having a central regulator. This, of course, is essential since the main attraction for Bitcoin and other digital currencies is the anonymity it brings. 

Bitcoin has not only topped $1,700, but reached $1,774, meaning it's heading for the next big milestone. So far, this year, bitcoin has grown by leaps and bounds. Taking into consideration that it started the year with a drop down to $900, the climb is that much more sp...