$4 483.55

Finweek English Edition - - In Brief -

Bit­coin hit an all-time high of just over $4 483 on 15 Au­gust, with the rally bring­ing its mar­ket cap­i­tal­i­sa­tion of $73.5bn within touch­ing dis­tance of ma­jor stocks like Net­flix, CNBC re­ported. At the time of writ­ing on 16 Au­gust, the price of the cryp­tocur­rency had fallen to be­low $4 000 as traders took profit from the rally. The dig­i­tal cur­rency was up more than 60% in less than two weeks. Data from Cryp­toCom­pare puts the mar­ket cap of South African Bit­coin hold­ings at just over R1bn, Money­web re­ported. The cryp­tocur­rency is in­creas­ingly gain­ing le­git­i­macy glob­ally, with spec­u­la­tion that it could be viewed as a safe­haven as­set, such as gold.

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