Bitcoin is booming: Value reaches $4.2k

Bitcoin is valued at $4,225.40, an all-time high, as of Sunday due to a strong demand in Japanese markets, reports CNBC.

Bitcoin's market value is now around $64 billion, up about $10 billion in the last week — and its value has nearly quadrupled in 2017 alone.

Japan has led the recent bitcoin global trade volume, accounting for nearly 46 percent. The U.S. dollar followed at 25 percent of the global trade volume, and Chinese yuan and South Korean won each comprised about 12 percent.

"Bitcoin is benefiting from geopolitical tensions — trading in Japan and Korea has increased significantly over the last few months," Brian Kelly, founder of BKCM, which runs a digital asset strategy, told CNBC in an email. 

More articles on health IT:

Elon Musk is more concerned about AI than North Korea, says regulation needed

Veterans group to sue DOD for military records exposure

Subcontractor incorrectly mails PHI of 1.2k Missouri Medicaid patients

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars