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Bitcoin shows little sign of slowing as new record reached

“The cryptocurrency, with a current market cap of $28.52 billion, is off its high of $388.49 set on June 15” writes Wallace Witkowski for marketwatch.com. The surging price of the cryptocurrency bitcoin showed little sign of letting up on Friday, carving out a fresh all-time high even as stocks took a breather from a steep selloff earlier this week.Read: Nvidia is more bullish on cryptocurrency than AMD In August alone, the price of bitcoin has rallied 20%.The current market cap of bitcoin is $58.86 billion, according to Coindesk, which is in the league of such S&P 500 companies as General Dynamics Corp.For the year to date, the price of bitcoin has rallied more than 250% in U.S. dollar terms, while the greenback DXY, -0.39%  itself has declined 9%.
 
Source: marketwatch.com



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