Bitcoin Price just Slips Below $4,000
The crypto market’s recent bull run has led the bitcoin price to increase to unprecedented levels during the first half of August. On August 14, bitcoin market cap soared past $70 billion, surpassing PayPal’s total valuation in what might be the true “Flippening”. This morning, bitcoin soared as high as $4,456 to post yet another record. Shortly after hitting that mark, it began to fall at a rapid clip, briefly dipping below $4,000 on BitStamp due to a Korean sell-off. At present, CoinMarketCap lists the bitcoin price at $4,132, giving bitcoin a market cap of $68.2 billion.
