Bitcoin prices have set an all-time high above $4,400. <\/p>\n
Just an hour after the August 15 session opened, the average price of bitcoin was up across global exchanges, rising from an opening total of $4,382. At press time, the price continued to edge upward, following a day in which in gained more than $200, rising to $4,382 from $4,111 on Sunday. <\/p>\n
Week-over-week, price gains were even more impressive, with the value of the cryptocurrency rising just over 30% from $3,382 at the end of trading aweek ago. <\/p>\n
The movement comes at a time when institutional investors are beginning to take a new interest in bitcoin and the larger cryptocurrency asset class. <\/p>\n
Not only are major investment managers and analysts now tracking the asset, but accredited investors have been seeking to diversify opportunities in the space, investing nearly $200 million in an initial coin offering (ICO) for a blockchain network called filecoin last week, a venture aimed at creating a distributed protocol for file storage. <\/p>\n
Also up on the day was the value of all cryptocurrencies issued, with data from Coinmarketcap indicating the asset class is now valued at $141 billion, up nearly 20 percent from $118 billion last week. <\/p>\n
Bitcoin image via Shutterstock <\/p>\n
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Bitcoin Price Tops $4400 As Crypto Market Nears $150 Billion - CoinDesk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin prices have set an all-time high above $4,400. Just an hour after the August 15 session opened, the average price of bitcoin was up across global exchanges, rising from an opening total of $4,382. Continue reading