Bitcoin reached over $4100, boosted by Asian demand

The digital currency has reached a new record over the weekend, forced by the rising Japanese and South Korea demand, and is about to rise four times this year. Bitcoin's highest value in the past few hours was $4225.40 and is currently trading at about $4,190, with only in August, the currency rising with 40%.

Bitcoin trade with Japanese yen accounts it's almost 46% of the total volume, compared to a few days earlier, this is a 1/3 growth. US dollar trades take up 25% of the total volume, followed by those traded with Chinese yuan at the rate of 12%.

"Bitcoin is benefitting from geopolitical tensions - trading in Japan and Korea has increased significantly over the last few months," Brian Kelly, a CNBC contributor and head of BKCM, which runs an digital asset strategy, said in an email. He also attributed price gains to investors buying back bitcoin after the Aug. 1 split and greater attention from the Russian government.

Another digital currency, ethereum, traded nearly 5 percent higher near $315.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

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