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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)
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.
Ricci Rox,

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. 

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 08 > Bitcoin value reaches all-time high, blows past the $4000 mark
Ricci Rox, 2017-08-15 (Update: 2017-08-15)
Ricci Rox
Ricci Rox - News Editor - @riccirox
I'm a freelance copywriter who lives and dies for tech. Android, ​especially. The smartphone market is one going through an impressive growth spurt, so I crawl the Internet with keen interest in a technological ecosystem that doesn't seem to be slowing down anytime soon.