Bitcoin Hits Record High Above $4,600

Bitcoin rose sharply Tuesday, at one time surging 6.5% to a new record high of $4,703.42, or almost 70% in the month of August. Later in the day, prices eased a bit, trading around $4,600, or up about 60% for the month.

Some market analysts said the spike in Bitcoin came as demand from South Korea and Japan spurred more safe haven, just as buying in gold and Treasury bond prices rose, following North Korea’s latest missile launch.

For their part, Bitcoin cash was trading at $580 per coin, and ethereum’s ether token at $360, up 4.6%.