Bitcoin price goes over $3,500, setting new record

Internet logoAfter a brief period of instability, Bitcoin is back on the path of setting new price records. The most valuable cryptocurrency broke the $3,500 mark today, rising by over 16 percent since mid-June when its price went past $3,000.

Since the beginning of the month, Bitcoin has slowly increased in price, despite the creation of Bitcoin Cash on August 1 as a result of a hard fork on the network, gaining around $600 in value.

Bitcoin price goes over $3,500, setting new record

Bitcoin peaked at $3,525 today, based on CoinDesk's price tracker, but has lost a bit of momentum since. It's now trading for around $3,400 on major exchanges. The price of Bitcoin on August 1 peaked at around $2,920. Less than 48 hours ago, the price of Bitcoin broke the $3,400 mark.

Thanks to this strong showing, the cryptocurrency market has exceeded a capitalization of $121 billion at the time of writing this article. Second most valuable cryptocurrency Ethereum is also up, peaking near the $290 mark today. Bitcoin Cash is also up, trading close to the $380 mark.

Some pundits expect Bitcoin prices to increase even more this year. We have estimates for $4000 and $5000, which are certainly in the realm of possibility given how much the cryptocurrency has risen in 2017. The beginning of the year saw Bitcoin trading for around $1000.

Its market cap is up significantly too, rising from around $15.5 billion on January 1 to $53 billion at the time of writing this article.

Source: Betanews

Tags: technologies

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
2526272829  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (16)