Bitcoin's Surge Prevalent on Weekends as It Busts $4,000: Chart

Bitcoin’s surge continues in the wake of the split that had sparked talk of threats to its growing acceptance as an alternative means of exchange. The digital currency jumped more than 5 percent on both Saturday and Sunday, and breached $4,000 for the first time, according to Bitstamp and Coinbase, two of the exchanges that offer trading in the virtual currency. Bitcoin also surged on the prior weekend and has now more than quadrupled since the start of 2017, while the more traditional alternative currency, gold, has climbed 12 percent.

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