The value of a single bitcoin bounced to the highest point in two months on Tuesday, jumping above $8,000 per coin according to real-time price tracking website CoinMarketCap.
The rise comes as U.S. authorities mull over how best to regulate the virtual money. In June, the crypto crashed to a low of $5,806 per coin—but some experts now speculate the rise could continue.
The markets remain unpredictable. The blockchain industry enjoyed a major spike in popularity in the tail end of last year, when the value of a single bitcoin bounced to nearly $20,000, but economic experts and commentators warned it had all the signs of being a financial bubble.
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