Bitcoin price goes over $3,500, setting new record

After a brief period of instability, Bitcoin is back on the path of setting new price records. The most valuable cryptocurrency broke the $3,500 mark today, rising by over 16 percent since mid-June when its price went past $3,000. Since the beginning of the month, Bitcoin has slowly increased in price, despite the creation of Bitcoin Cash on August 1 as a result of a hard fork on the network, gaining around $600 in value. Bitcoin peaked at $3,525 today, based on CoinDesk's price tracker, but has lost a bit of momentum since. It's now trading for around $3,400 on major exchanges. The price… [Continue Reading]