News 13 august — 10:37

Bitcoin vaults to new record above $4K

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The digital currency bitcoin vaulted to a new record high above $4000 on Saturday, boosted by strong Japanese demand on its way to multiplying its value fourfold this year, CNBC reports.

Bitcoin traded as high as $4,000.93, more than 7 percent higher near $3,941 in Saturday dealings, according to CoinDesk.

The digital currency has now quadrupled in 2017, and is up about 40 percent in August alone. Bitcoin's market value is now around $64 billion, up about $10 billion in the last week.

It should be noted that today, on Sunday, as of as of 06:20, one bitcoin unit is worth 4101.41 dollars, the capitalisation of the currency approached to 67.7 billion dollars, according to the trading platform Coinmarketcap.

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