Bitcoin reached new record: over $3800

First cryptocurrency continues it's rapid rise, now costs more than $3800 on the several exchanges
Sergey Siminskiy's picture
Sergey Siminskiy
12 August

On Saturday, August 12, the price of Bitcoin updated a new historic high, surpassing a mark of $3800 on a number of exchanges.

Let's check the most popular exchanges.

  • Bitstamp $3758.98
  • Bitfinex $3754.3
  • Kraken $3819.46 
  • GDAX $3835.00 

Bitcoin rate at GDAXBitcoin rate at GDAX

According to Coinmarketcap, the average Bitcoin price is $3773.44 and the market cap is $62 271 570,944.

Bitcoin charts, last 7 daysBitcoin charts, last 7 days

Another interesting fact - each of top 10 cryptocurrencies have a market over $1 billion.

Top 10 cryptocurrencies
Top 10 cryptocurrencies

Yesterday, Bitcoin beat a $3500 barrier. How long this rapid rise will last? Time will show.

Huobi and OKCoin to add Bitcoin Cash

Two largest Chinese exchanges add support for Bitcoin Cash
Diana Ugay's picture
Diana Ugay
22 August

Two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, announced adding the support for Bitcoin Cash.

As OKCoin argues, the decision to add Bitcoin Cash was made after a "technical verification and comprehensive testing" of the coin:

Thus, OKCoin will officially support Bitcoin Cash (BCC) deposit and spot trading on August 22nd (06:00 Eastern Standard Time, UTC+20 HRS, 18:00 China/Hong Kong time). However, it is noteworthy that currently the exchange are only supporting BCC deposit and trading on the website. On top of that, to ensure a safe trading environment and to avoid potential 51% attacks and transaction malleability, there will be increased security verifications when depositing BCC. 

As for Huobi, the exchange claims that considering that Bitcoin Cash has entered the top three digital assets by market capitalization and has extensive support for trading platforms, there's the hope that users will realistically assess the risks associated with BCC trading.

Huobi will launch BCC/CNY on 17:30, August 22, 2017 (GMT +8). BCC trading will be available on main Huobi while BCC deposit was allowed from 17:00, August 9, 2017 (GMT+8).  

Bitcoin Cash charts on coinmarketcap.com Bitcoin Cash charts on coinmarketcap.com

As shown, at the time of writing, the Bitcoin Cash cryptocurrency price is about $687 and its market capitalization is more than $11 billion.