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Forex

Bitcoin breaks gold's all-time dollar price record

Symbolic win for newer 'stateless currency'

TOKYO -- Bitcoin beat gold's highest-ever dollar price Friday to score a symbolic milestone after skyrocketing 60% in the past month as speculators bet big on its wild gyrations.

CoinDesk, a site tracking virtual coinages, showed bitcoin touching the $1,954 range at one point, beating the precious metal's record of around $1,920 per troy ounce on Sept. 6, 2011. Bitcoin's price occasionally swings more than $100 in either direction in one day. As recently as March, it dipped below the $1,000 line.

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