Bitcoin price breaks $4,500

The price of Bitcoin has increased dramatically this year. The most popular cryptocurrency went from a low of $958 on January 1 to $2,000 on May 19, $3,000 on June 11, and, finally, $4,500 today. The effect? Its market cap rose from $15.5 billion to $73 billion, making it more valuable than well-known major tech companies like Twitter, HP, Nokia, NXP, Baidu, Salesforce and PayPal. But Bitcoin's rise didn't have an effect just on its market cap, as it also boosted the cryptocurrency market as a whole. Today, its value is estimated to be around $144 billion, up from only… [Continue Reading]