Investing.com - Bitcoin prices rose to an all-time high on Tuesday as investors remained confident about the future of the digital currency.
On the U.S.-based Bitfinex exchange, Bitcoin hit a high of $3,482.9. It was last at $3,440.6 up $92.4 or 2.76%.
Bitcoin has more than tripled this year and has gained around 20% so far this month.
The recent price surge means that the total market cap of Bitcoin has now risen to around $56 million.
Prices have risen in a relief rally after the relatively smooth split of the digital currency into Bitcoin and Bitcoin Cash, a new version of Bitcoin.
The blockchain supporting Bitcoin split into two on August 1 in an event known as a ‘hard fork’.
Bitcoin Cash was developed as a measure to improve transaction speed on Bitcoin's underlying technology, the blockchain, a shared online ledger that records all transactions.
Bitcoin Cash edged lower, dipping 0.52% or $1.7 to $328.3. Bitcoin Cash fell to a trough of $188.00 on Thursday after debuting at $1,213.9.
Elsewhere in cryptocurrency trading, Ethereum, Bitcoin’s closest rival in terms of market cap, was last up 6.87% or $17.80 to $283.42.
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