Bitcoin edges up to fresh record maximums past $4,200

Bitcoin edges up to fresh record maximums past $4,200

On Monday, the price of the digital currency Bitcoin went up above the $4,200 value for the first time in its nine-year history.

Bitcoin reached a maximum of $4,233.0 on the US-based Bitfinex exchange. Last it traded at $4,211.4, soaring $152.1 or about 3.75%.

Bitcoin has managed to quadruple or even more in value in 2017, and it has gained approximately 47% in August.

The given currency has ascended to a series of record maximums in recent trading sessions amid optimism that faster transactions times are going to speed up the overall spread of the cryptocurrency.

The previous week fresh software dubbed SegWit or Segregated Witness was adopted by the blockchain supporting Bitcoin. It’s considered to be  a milestone for the cryptocurrency.

The given software was created as a solution to the cryptocurrency’s scaling issue that provoked a split also known as ‘hard fork’ on August 1 when the blockchain backing Bitcoin suddently split into two, generating Bitcoin Cash.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera