8/07 Bitcoin soars above $3K to record

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  • The cryptocurrency has now more than tripled in value for the year.
  • Bitcoin hit an all-time high of $3,360.87 on Saturday, according to CoinDesk, leaping more than 16% into record territory.
  • Ari Paul, CIO of BlockTower Capital, attributed the gains to a relief rally following a "relatively uneventful" split into Bitcoin Cash, as well as new investors jumping on board.
  • Related: COIN, OTCPK:BTCS, OTCPK:BTSC, OTCPK:GAHC