Bitcoin continues to rise, hits $6,450 value

Over the last 12 months, Bitcoin value has surged by close to 800 percent

Over the course of 2017, Bitcoin has been back on the rise. In May this year, we saw the cryptocurrency hit a record value of $2400 and since then, things haven’t slowed down at all. In fact, this week Bitcoin hit a new all-time high, with a $6,450 value.

It’s not just Bitcoin on the rise either. As Reuters reports, the aggregate value of all cryptocurrencies hit a record high of $184 billion today. A good chunk of that is down to Bitcoin. With the current $6,450 value in place, the number of Bitcoins in circulation today are worth almost $110 billion.

Over the last 12 months, Bitcoin value has surged by close to 800 percent. A good part of this is down to Bitcoin being seen as a more legitimate finance option by corporations.

While Bitcoin is climbing higher in value, the second most popular cryptocurrency, known as Ethereum, has dipped a bit. The currency hit an all-time high of $410 per coin in June but this has dropped to $302 today.