- Bitcoin hit a record high above $4,500 Thursday, giving it a market value of about $74 billion.
- That’s larger than Netflix’s $72.7 billion market capitalization.
- Bitcoin has surged this month after an uneventful split into bitcoin and bitcoin cash.
The digital currency has a market value of about $74 billion, up $30 billion in August and topping Netflix’s $72.7 billion market capitalization.
Bitcoin climbed about 2 percent to a record high of $4,522.13 Thursday, according to CoinDesk.
Analysts said bitcoin’s latest climb is a relief rally following the uneventful split of bitcoin into bitcoin and bitcoin cash earlier this month. Increased interest in bitcoin, especially from institutional investors, has helped the digital currency more than quadruple in price this year, analysts said.
Netflix shares hold gains of about 35 percent this year but have fallen about 8 percent in August after Disney announced last week it will pull its movies fromthe service and start its own streaming platforms.