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Bitcoin vaults to new record above $4K, boosted by Japan and multiplying its value fourfold

“The digital currency bitcoin vaulted to a new record high above $4000 on Saturday, boosted by strong Japanese demand on its way to multiplying its value fourfold this year” writes Evelyn Cheng for Analysts have also noted increased investor interest, especially from institutional investors, after bitcoin successfully survived an Aug. 1 split into bitcoin and bitcoin cash.US-dollar bitcoin trade accounted for about 25 percent, according to CryptoCompare.Bitcoin trade in Japanese yen accounted for nearly 46 percent of global trade volume, up from about a third a day ago, according to CryptoCompare.Bitcoin trade in Chinese yuan and South Korean won accounted for about 12 percent each.

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