In 8 months, bitcoin skyrocketed by 350% setting new all-time high

According to CryptoCoinsNews, Tuesday, August 29, 2017 was a record-setting day for bitcoin reaching $4.650.

As reported, on Tuesday, the cryptocurrency began trading at $4.375 on the Bitstamp Price Index and on average remained steady at $4.440. There was a sharp upward turn after 13:00 UTC to $4.450 and $4.650 at 13:50.

Later, the price went down to $4.550 although it is still higher than August 18 record – $4.500.

Since the beginning of 2017, bitcoin has been generally rising by 350%. The experts assume that the rate will continue growing and is likely to reach $5.000.