Over the course of 2017, Bitcoin has been back on the rise. In May this year, we saw the cryptocurrency hit a record value of $2400 and since then, things haven’t slowed down at all. In fact, this week Bitcoin hit a new all-time high, with a $6,450 value.
It’s not just Bitcoin on the rise either. As Reuters reports, the aggregate value of all cryptocurrencies hit a record high of $184 billion today. A good chunk of that is down to Bitcoin. With the current $6,450 value in place, the number of Bitcoins in circulation today are worth almost $110 billion.
Over the last 12 months, Bitcoin value has surged by close to 800 percent. A good part of this is down to Bitcoin being seen as a more legitimate finance option by corporations.
While Bitcoin is climbing higher in value, the second most popular cryptocurrency, known as Ethereum, has dipped a bit. The currency hit an all-time high of $410 per coin in June but this has dropped to $302 today.
KitGuru Says: This time last year, it almost seemed like the Bitcoin craze had died down a bit. However, this has been proven false throughout 2017, with value consistently rising throughout the year.