{"id":2331,"date":"2017-08-29T19:54:07","date_gmt":"2017-08-29T19:54:07","guid":{"rendered":"https:\/\/www.bitcoinsportsbooks.com\/?p=2331"},"modified":"2023-03-07T12:59:57","modified_gmt":"2023-03-07T12:59:57","slug":"bitcoin-price-soars-new-time-record-high-4600","status":"publish","type":"post","link":"https:\/\/www.bitcoinsportsbooks.com\/blog\/2017\/08\/29\/bitcoin-price-soars-new-time-record-high-4600\/","title":{"rendered":"Bitcoin Price Soars to New All-Time Record High Above $4,600"},"content":{"rendered":"
The number one digital currency has gone and done it again. The bitcoin price has scaled to over $4,600 for the first time, pushing its market cap value to over $76 billion.<\/p>\n
At 13:54 UTC, on the 29th August, the bitcoin price was recorded at $4,602. As a result, the combined market value soared to $164.4 billion.<\/p>\n
<\/a><\/p>\n At the time of publishing its price has dropped to $4,542. However, it marks a significant time for the digital currency.<\/p>\n Since the beginning of 2017, the bitcoin price is up by around 350 percent from roughly $1,000 on the 1st January. It has since quadrupled in value. On the 13th August, bitcoin finally managed to scale the $4,000 mark amid strong Japanese interest. Geopolitical turmoil in North Korea has also impacted its price as investors continue to consider it as a safe haven.<\/p>\n The week prior to that the bitcoin price had re-scaled the $3,000 mark when it reached $3,200 for the first time. Since then it has continued its upward trajectory, pushing the currency to new heights.<\/p>\n Ether prices have also surged to new heights not seen in two months.<\/p>\n At the time of publishing, ethereum is trading at $369, pushing its market cap to $34.8 billion. In 24 hours it has risen by 7.30 percent whereas in seven days it has increased by 17.24 percent.<\/p>\n <\/a><\/p>\n As can be seen from the chart below, ethereum’s price dropped to a low of $149 on the 16th July. Since then it has steadily been climbing up in price back to its current listing. Prior to dropping to $149, ether prices were trading below $400, at $391. It has yet to re-scale to that previous high. However, with its steady price gains it’s expected to see new heights.<\/p>\n <\/a><\/p>\n Fifth-placed litecoin has also recorded new highs. Strong trading has helped to push its price over the $60 mark for the first time.<\/p>\n This price rise is due to increased trader interest from Japan and Korea. According to a report,\u00a0Korean\u00a0exchange Bithumb was responsible for over 20 percent of trading in litecoin in the past 24 hours.<\/p>\n At the time of publishing, litecoin is trading at $62.51, with a market cap value of $3.2 billion. In the past 24 hours its value has decreased by 1.07 percent. Meanwhile, in seven days its has risen by 34.13 percent.<\/p>\n <\/a><\/p>\n At its peak, litecoin was trading at $64.92 on the 28th August. Yet, considering litecoin was trading just above $4 at the beginning of 2017 this is a significant milestone. It remains to be seen how much further the currency can go.<\/p>\n Charlie Lee, the founder of litecoin, recently took to social media to express his delight.<\/p>\nEthereum Scales $360<\/h2>\n
Litecoin Climbs Above $60<\/h2>\n