Bitcoin hits $4,800 for the first time

pulse

September 1, 2017 12:31 PM

Bitcoin is up 390% in 2017.

Bitcoin is following its strong August with a record high to start September.

The cryptocurrency on Friday crossed $4,800 for the first time. It's up 1.48% near $4,837 a coin as trade grinds higher for the eighth time in the past nine sessions.

The record high to start September follows an eventful August that saw bitcoin split in two and receive a software upgrade.

On August 1, a fork in the cryptocurrency split it into bitcoin and bitcoin cash. Since that day, bitcoin is up about 74% while bitcoin cash has doubled to $600 from its original print of $300.

But that wasn't the only major news in August. Da new software called Segregated Witness

Following the implementation of SegWit, BitMEXWith Segwit implemented, I believe $5,000 bitcoin is within striking distance."

But not everyone thinks it's going to get there.

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