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Sunday, August 13, 2017

Bitcoin Surpasses $4,000 Due to Strong Japanese Demand: CNBC

Bitcoin Surpasses $4,000 Due to Strong Japanese Demand: CNBC

The price of the digital currency Bitcoin has passed the $4,000 mark on Aug. 12, 2017, driven by strong Japanese demand, according to CNBC.

The cryptocurrency has traded as high as $4,000.93, up by seven percent from its previous high of $3,941 and currently trades at $4,184 as of press time.

The price of the virtual currency has now increased by fourfold in 2017, with an increase of around 40 percent in August alone. The market value of the cryptocurrency has also risen to about $64 bln.

Meanwhile, the trading of Bitcoin in Japanese yen has accounted for almost 46 percent of total trade volume worldwide.

Full story at

Source: CoinTelegraph

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