Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency.
A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for the first time in May going on to almost reach $3,000 in June only for the valuation to crash.
Over the last twelve hours, bitcoin’s value has jumped by over 10 percent as forked currency bitcoin cash has seen its valuation crash by 30 percent. Some exchanges including China’s OkCoin even put the value of one bitcoin above $3,200 right now.
Finally, the surge means that the total market cap of bitcoin is more than $50 billion — $51,737,289,581 at the time of writing according to Coinmarketcap.com.
A Coinbase chart shows bitcoin’s valuation has passed $3,000 per coin