Bitcoin breaks cryptocurrency records as valuation passes $4,000

Bitcoin
Bitcoin has once again beaten all of its own records for the value of a single unit of cryptocurrency by breaching the $4,000 mark. This latest surge follows a month-long climb back to new heights after it dropped to a quarterly low of around $1,900 as a new-generation of graphics card miners began dumping their newly acquired number-crunching hardware.

The price of Bitcoin has a history of rising to new highs, crashing in the aftermath of reduced confidence, and then slowly building up to even greater highs. That pattern is evident if you look at multiple year graphs of the cryptocurrency’s value, and was highlighted in our recent chat with a few experts about Bitcoin’s past and future.

This latest peak is astronomically high, though. It’s more than twice the value the currency held in mid-May and at the time of writing sits at $4,308. It’s rising so quickly in fact, that we’ve updated that total twice just while writing this story. That rise has pushed Bitcoin’s market cap to $70.6 billion, which is tens of billions more than it was a mere few months ago.

This is perhaps more impressive since there was some consideration earlier this month that Bitcoin could become the lesser of two currencies, after a “hard fork,” saw the creation of “Bitcoin Cash.” Although essentially merely an alternative, or “altcoin” much like many other cryptocurrencies, Bitcoin Cash was the first to attempt to use the recognizable name of Bitcoin for its nomenclature. Despite its promises to deliver a more consumer friendly experience than its parent though, Bitcoin Cash has fallen from its $640 peak to $300 per unit at the time of writing.

Although it’s possible that Bitcoin Cash will gather more steam in the future, for now it’s Bitcoin, not its young upstart, that is seeing monumental growth, more than eight years on from its debut.

One other cryptocurrency that is in vogue, Ether, has also recovered from its valuation tumble in late July. It’s now reached close to $300 again itself, following a similar trend to Bitcoin in rises and falls that gradually trend upward. The trend could end up skyrocketing once again if the AMD Vega graphics cards turn out to be as good at mining it as they are predicted to be.

Computing

Here's what you need to play games and watch movies in 4K on your PC

4K display tech is now cheaper than ever, but there's more to running stuff at such a high display resolution than just handing over the dough for a 4K-equipped display. Here's what you need to run 4K.
Gaming

Your PlayStation 4 game library isn't complete without these games

Looking for the best PS4 games out there? Out of the massive crop of titles available, we selected the best you should buy. No matter what your genre of choice may be, there's something here for you.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Norsemen’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Virtual Reality

Getting into VR is spendy. Which headset is truly worth your hard-earned cash?

Virtual reality has finally gone mainstream, but how do you find the best VR headset for you? Check out a few of our favorites, whether you want the best of the best or a budget alternative for your mobile device.
Computing

RTX might be expensive, but the 16 series could have the best Nvidia Turing GPUs

Set to debut at a step below the RTX 2060 on the price and performance spectrums, the GTX 1660 Ti and its other 16-series brethren could be Nvidia's killer mid-range cards of 2019 — especially with Tensor Core-powered DLSS.
Computing

Ryzen 3000 chips will be powerful, and they might be launched as early as July

AMD's upcoming Ryzen 3000 generation of CPUs could be the most powerful processors we've ever seen, with higher core counts, greater clock speeds, and competitive pricing. Here's what we know so far, based on both leaks and the recent…
Product Review

Razer just made our favorite gaming laptop even more powerful than before

The Razer Blade, our favorite gaming laptop, is now more powerful than ever before. That’s thanks to the new Nvidia RTX graphics cards inside. Do they help Razer retain its edge over the competition?
Computing

With no plans for merging operating systems, Apple opts to combine apps instead

Apple is working on combining all of the the apps it offers to iPhone, iPad, and Mac users by 2021. App developers will soon be able to build and submit one version of their apps to be used by Apple product users.
Gaming

These are the coolest games you can play on your Google Chrome browser right now

Not only is Google Chrome a fantastic web browser, it's also a versatile gaming platform that you can access from just about anywhere. Here are a few of our favorite titles for the platform.
Computing

Amazon takes $200 off Apple’s latest 13-inch MacBook Air with retina display

Amazon is taking $200 off Apple's latest MacBook Air. This MacBook Air has 13-inch retina display, a built-in FaceTime HD camera, and that classic lightweight wedge shape the Air is loved and known for.
Deals

Samsung drops a solid $100 discount on the Chromebook Pro

If you're in the market for a new laptop, but can't afford to drop $1,000 on one of the best models out there, Chromebooks are an excellent option. Right now, Samsung is offering $100 off the Samsung Chromebook Pro.
Computing

Lost your router? Here's how to find its IP address to help track it down

Changing the login information for your router isn't always easy, that's why so many have that little card on the back. But in order to use it, you need to know where to go. Here's how to find the IP address of your router.
Computing

Between Intel and AMD, these are the best gaming CPUs at every price

What are the best processors for gaming you can buy? You don't need to spend a fortune to get an amazing gaming CPU and now that AMD is competitive again, there are more choices than ever.
Computing

Our favorite Chrome themes add some much-needed pizzazz to your boring browser

Sometimes you just want Chrome to show a little personality and ditch the grayscale for something a little more lively. Lucky for you, we've sorted through the Chrome Web Store to find best Chrome themes available.