8/14/2017, 9:46 AM (Source: TeleTrader)
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Bitcoin hovers around $4,000 mark

Investors in cryptocurrencies were largely unfazed by the slight decline in tensions in the Korean Peninsula on Monday, after in the previous week the confidence in the hedging potential of the asset class took the Bitcoin to a record high. Any profit taking wasn't seen considerably affecting the trend, and volumes moderated but were still dominated by transactions in Japanese yen, with a pickup of trade in Korean won maintained.

The Bitcoin was 0.13% in the green, buying $4,067 at 9:42 am CET. Compared to the euro, it edged 0.23% higher to 3,477.021, while versus the Chinese yuan the coin added just 0.36%, changing hands for 27,200. Spinoff digital currency Bitcoin Cash increased 0.32% to $310.06.

The yen's share in the overall Bitcoin trading volume was at 46.9%, leaving the dollar at 21.3% and the won at 14.6%. The most widely watched cryptocurrency gained 84.4% in the past month alone.

Baha Breaking News (BBN) / IT