Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion – Market Updates Bitcoin News
The price of bitcoin jumped over the $47K handle on Friday afternoon and at 4:15 p.m. (EDT) the price tapped $47,929 per unit. Bitcoin has jumped over 8% today and is more than 45% up over the course of the last month.
Bitcoin’s Value Jumped 45% Last Month
The crypto economy grew to around $1.99 trillion on August 13, increasing more than 7.4% during the course of the day. The price of bitcoin (BTC) jumped over 8% and reached a new high for the month of August reaching $47,929 per unit. Seven-day statistics show BTC has climbed more than 11% and during the month more than 45% against the U.S. dollar. While a touch lower than the high this afternoon, BTC is still up 304% during the course of the year.
Out of the $1.99 trillion, however, bitcoin only…