Bitcoin hits new all-time record high and goes above $4,300

By Callum Rivett
Bitcoin has continued its remarkable recent growth and surpassed the $4,000 mark for the first time in its eight-year existence. After reaching $4,000...

Bitcoin has continued its remarkable recent growth and surpassed the $4,000 mark for the first time in its eight-year existence. 

Bitcoin from 13 August to 14 August, 2017

After reaching $4,000 late on Sunday night, the cryptocurrency dipped back below $3,900 before rising again and continuing to do so, hitting $4,320 according to CoinDesk at the time of writing.

Having set new record highs in consecutive days, the rise is mainly due to the uncertainty over the Bitcoin fork easing, giving way to fresh growth and boosting the market cap of all cryptocurrencies to $139bn - a rise of $13bn in three days.

RELATED STORIES

At the time of the fork on August 1, Bitcoin had stagnated around the $2,700 mark - a period of such stability is unheard of for the volatile cryptocurrency..

Susceptible to rapid fire boom and bust, Bitcoin has gone through cycles and previously failed to retain its value after breaking through the $3,000 barrier for the first time in June. 

It would take nearly another two months before it ever hit those heights again, dropping by 35% to $1,938 but has been on a steady climb in the past month.

Bitcoin from 14 May to 14 August, 2017

 

 

Share

Featured Articles

Tech & AI LIVE London – One Day to Go

Just one more day to go, don’t miss out on your chance to attend Tech & AI LIVE London – 21 May 2024

How Zscaler AI Innovation is Powering Data Protection

With its AI-powered Data Protection Platform, Zscaler is delivering cutting-edge innovations to provide comprehensive data security

How NetApp Unified Data Storage is Powering the AI Era

With powerful unified storage, NetApp is enabling organisations to accelerate AI innovation and unlock the full potential of their data assets

Tech & AI LIVE London – One Week to Go

Digital Transformation

What Adam Selpisky’s Shock Departure Means for AWS

Digital Transformation

SAP & FC Bayern: Technology Drives Efficiency & Scalability

Digital Transformation