Bitcoin Hits New Record High, Just Shy of $4700, on Rising Korean Tension

Fueled by increasing geopolitical tensions, the price of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term skyrocketed today above $4,600 and touched an all-time high of $4,693, as per the CoinDesk price index.

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Bitcoin prices soared past $4,600 for the first time as investors moved into safe-haven assets amid increasing turmoil between the United States and North Korea. Earlier this morning, North Korea fired a ballistic missile that flew over northern Japan and splashed into the northern Pacific Ocean.

The rise in Bitcoin value was attributed in recent weeks to the spike in global trading volume, especially from Japan, where the cryptocurrency was recently recognised as a currency. Also, strong demand from China and regulatory progress in the US has helped the digital currency make strides in putting the scaling debate behind it.

Bitcoin's price has remained largely around the $4,400 mark over the last week, but it seems now to be heading towards $5,000, with prices jumping nearly 60 percent this month alone.

Other digital currencies also rose on Tuesday. Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term traded nearly 5 percent higher at $365, about 68 percent higher for the month.