Bitcoin Price Breaks Through $4,700, Showing Sustained Interest In CryptoBitcoin prices broke through $4,700 earlier today, setting a fresh, all-time high and showing that investors are still interested in purchasing the digital asset, even though it has been trading at lofty price levels.
The digital currency rose to as much as $4.703.42 during the session, according to the CoinDesk Bitcoin Price Index (BPI).
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Continued Gains
The price of bitcoin surged to this all-new high after breaking through $4,000 for the first time earlier this month and then trading range-bound for a few weeks.
After reaching this latest all-time high, bitcoin prices, which have been enjoying a very strong rally, have risen close to 400% this year, according to additional BPI data.
Sustained Inflows
While this might seem impressive, the total market capitalization (market cap) of the crypto market has climbed more than twice as much, pushing higher as investors continue to pour money into the broader asset class.
The market cap of these innovative assets has surged more than 800% this year, according to CoinMarketCap.
full:
https://www.forbes.com/sites/cbovaird/2017/08/29/bitcoin-price-breaks-through-4700-showing-sustained-interest-in-crypto/#56dc0b543ef3
