Bitcoin sets a record at $4,700 as North Korea fires rockets over Japan

Bitcoin sets a record at $4,700 as North Korea fires rockets over Japan

7 years ago
Anonymous $wKBR2uNMvM

https://qz.com/1065009/bitcoin-hits-a-record-at-4700-as-north-korea-fires-rockets-over-japan/

Bitcoin is living up to its growing reputation as a disaster hedge, setting a new record high of $4,703, even as global geopolitical tensions rose thanks to North Korea launch of a missile over Japan earlier today. Ethereum, the second most valuable cryptocurrency on the market, is trading close to its all-time high.

Bitcoin has had a very good year. It has gained 260% so far this year, and 590% over the last 12 months. Ethereum, for its part, has gained 4,400% since January this year. It’s now trading at $366, which is just off an all-time high of $396 set in mid-June.