The price of bitcoin rose Wednesday, following a brief dip below the $4,000 mark, in an apparent run at another record high. <\/p>\n
Bitcoin BTCUSD, +4.87% touched an all-time high of $4,483.55 on Tuesday, following a record close at $4,382.74 on Monday, according to Coindesk. Following a slight pullback, the price of bitcoin was last up 2.6% at $4,315.41, after touching an intraday high of $4,410.98. For its part, the greenback, as gauged by the U.S. dollar index DXY, -0.37% , declined 0.3% to 93.57. <\/p>\n
The cryptocurrency has been on a streak of setting records lately. Having first broken the $1,000 barrier in November 2013, bitcoin took until May of this year to break the $2,000 barrier, with $3,000 surpassed in June and then $4,000 this past Sunday. <\/p>\n
On Tuesday, blockchain technology company Blockstream said it is using leased satellites to transmit access to the blockchain, which accounts for all transactions and maintains cryptocurrency integrity, to two-thirds of the worlds landmass and expects global coverage by the end of the year. <\/p>\n
At a $71.06 billion market cap, bitcoin is in the same neighborhood as such S&P 500 index SPX, +0.14% companies such as Costco Wholesale Corp. COST, +2.16% , DuPont DD, +0.53% , and Netflix Inc. NFLX, +0.88% . <\/p>\n
Ether, the cryptocurrency running on the Etherium network, was up 3.9% at $301.20 , off its high of $388.49 set on June 15. <\/p>\n
Read: Opinion: How you can make easy money from the bitcoin bubble <\/p>\n
The total market capitalization for all cryptocurrencies currently stands at $140.48 billion, according to Coinmarketcap.com, just under the market cap of Boeing Co. BA, -0.66% ,and slightly more valuable than International Business Machines Corp. IBM, +0.30% <\/p>\n
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The rest is here: The price of bitcoin rose Wednesday, following a brief dip below the $4,000 mark, in an apparent run at another record high. Bitcoin BTCUSD, +4.87% touched an all-time high of $4,483.55 on Tuesday, following a record close at $4,382.74 on Monday, according to Coindesk Continue reading
\nBitcoin ticks higher following pullback from record - MarketWatch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"