On Aug. 29 Bitcoin and many other cryptocurrencies joined in on gold’s big moves following the tragic consequences of Hurricane Harvey, and the ongoing geo-political threats coming out of North Korea.
In fact Bitcoin jumped out of recent stagnation to hit a new all-time high of $4700, while the overall market cap of cryptocurrencies soared above $160 billion.
The price of bitcoin is now trading at its highest level ever.
At press time, the average price of bitcoin across global exchanges was $4,703.21, a figure that was up roughly 4% from a previous high of $4,522.13 set on August 18. – Coindesk
Bitcoin and Ether cryptocurrencies rose Monday, helping digital currencies broadly to an all-time valuation record.
The total value of the digital-currency universe tracked by data research site Coinmarketcap.com, including those linked to the
Source: The Daily Economist