Bitcoin price keeps rocketing up – Now R56,000

Bitcoin has reached an all-time high of $3,750, following it breaking the $3,550 mark on 11 August.

At the time of writing, the price of Bitcoin was listed as $3,750 on the CoinDesk tracker and R56,390 on local exchange Luno.

“The uptick coincides with a palpable improvement in public sentiment about the world’s first cryptographic asset, with Bitcoin recently receiving positive mentions from leading asset managers and gaining increasing exposure in western media,” reported CoinDesk.

The price increase also follows a recent fork in the Bitcoin blockchain, which saw the creation of Bitcoin Cash.

Now read: Bitcoin exchanges struggle to win trades

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Bitcoin price keeps rocketing up – Now R56,000