The original crypto currency, Bitcoin was over and steady above the $4,000 mark on Monday after bullishly pushing past this milestone on Saturday to a new all time high.
The now trusted digital currency hit a high of $4,009.89 on Saturday before reaching a new record high of $4,225.40 on Sunday, according to reliable info from CoinDesk. Bitcoin is currently trading at $4,118.61, giving it a market capitalisation value of around $67.98 billion.
Bitcoin’s huge 43% surge in August comes after the currency forked in two following an ideological disagreement and as demand tested limits on the ability to process payments. The newly formed currency that came out of this clash is known as bitcoin cash and this break-away staged its trading debut on at the start of the month.
Demand for bitcoin has surged as start-up companies have raised money via initial coin offerings by selling digital tokens in either Ethereum of Bitcoin which allow investors to use the software or currency provided by the start-up. This in turn has encouraged many new users to take up the currency for the first time.