Bitcoin value reaches all-time high, blows past the $4000 mark
It's been a good day for those who invested a few weeks back. (Source: bitboy/Wikimedia)
Bitcoin, the world's most popular cryptocurrency, has been on a rise of epic proportions, with it's journey climaxing a few hours ago at an all-time high trade value of just under $4500.
A few weeks ago, we reported the forking up of Bitcoin, as the currency was effectively split into two: The regular Bitcoin, and the less valuable but more convenient Bitcoin cash. The fork caused a temporary lull in valuation, a lull that has been succeeded by a nigh-meteoric rise that has seen the crypto reach an all-time high in value.
At the time of the fork, Bitcoin was traded at prices just below US$3000 but over the following two weeks, has experienced a rise that culminated in the crypto trading at just under US$4500. It's quite impressive, as some expected the value of the currency to drop even further.
The total market valuation of Bitcoin, keeping in line with the recent trend, has soared to about US$139 billion, a significant increase on the US$120 billion it was at last week.
Considering the volatility of the currency, it's almost futile trying to predict future trends, but you'll probably be safer not investing in the currency now, as it's likely going to experience a stabilizing fall. Or not, no one really knows.
Ricci Rox - Senior Tech Writer - 2808 articles published on Notebookcheck since 2017
I like tech, simple as. Half the time, you can catch me writing snarky sales copy. The rest of the time, I'm either keeping readers abreast with the latest happenings in the mobile tech world or watching football. I worked as both a journo and freelance content writer for a couple of years before joining the Notebookcheck team in 2017. Feel free to shoot me some questions on Twitter or Reddit if it so tickles thine fancy.
