Bitcoin price move upwards continuously and crossed $4000 for the first time since it’s inception in 2009. The average price of Bitcoin at global exchanges reached as high as upto $4225 on 13 August.
Bitcoin price was $4050 at the time of writing this article. In Indian markets too Bitcoin prices saw the figure of INR 3,00,000. Athough the prices declines and was hovering around INR 2,75,000 at press time.
This new record is followed by instances when Bitcoin was setting consecutive all-time highs when it started climbing from $2700.
As Bitcoin splitted on August 1, most Bitcoin enthusiasts feared it would lead to instability. Well it happened and since then Bitcoin price is sky-rocketing.
Also Read: Top Ten Cryptocurrencies as on 13 August 2017.
The total market capitalization of cryptocurrency market also surpasses $100Billion. At the time of press, the total market capitalization of cryptocurrency market stood at $136 Billion with 48.7% of Bitcoin dominance.
It is expected that Bitcoin price will correct and stabilize around $3300.
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