Bitcoin soars above $9,400 to new record high

- The price of bitcoin, the scorching-hot cryptocurrency, soared above $9,000 a coin for the first time on Saturday night.
- Bitcoin was trading up 7.30% against the US dollar at an all-time high of $9,412 a coin at 1:43 p.m. ET.
- Billionaire businessman Mark Cuban told Business Insider the price of bitcoin will continue to rise as long as it continues to act more as a collectible than a currency.

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Bitcoin‘s impressive march into record territory continued Sunday afternoon.

The digital currency, which has been on a tear since the US Thanksgiving holiday, soared past $9,000 a coin Saturday night.

By 1:43 p.m. ET Sunday the digital currency was trading at an all-time high of $9,412 a coin, a more than $1,000 increase from its price mid-day on Thursday.

 

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