This is the first time when the continuous surge in bitcoin price crossed over $4,000 since the value of bitcoin gained back the strength.
Today’s the market value of bitcoin opened at $3,917 later it reaches to $4,225 at 9:07 a.m. UTC, according to Coindesk (BPI) Bitcoin Price Index. This was the great surprise for all bitcoin users and exchanges.
The fear among the bitcoin users is slowly getting faded after the 1st August hard fork that created the new currency Bitcoin Cash with new blockchain and the price of bitcoin remains static for some time to $2,700. Now it seems like bitcoin is roaring again and showing some positive marks after the scaling proposal activation on the bitcoin network.
According to the CoinMarketCap, the total value of all the cryptocurrencies has been setting an all time high record, where market cap is above $3137 billion. The two days before the value for the cryptocurrencies market capitalization was more than $11 billion as per the coindesk report.
Bitcoin been smashing the price records of its own and setting new has gained the increase of over 10 percent within 24 hours in market cap. Whereas other cryptocurrencies except the ethereum, ripple and bitcoin cash has gained the increase in value by 20 and 30 percent of its market capitalization.