Accordin to BuyBtcoInNigeria For the first time in history, bitcoin has topped $1,700 in value. This is a 85-percent gain in the cryptocurrency in 2017, and a 43-percent gain in value in only one month.
Since May 2016, market capitalization on bitcoin has nearly quadrupled, from $7.16 billion in May 2016 to $27.9 billion today.
Major drivers of the trend were Japan allowing bitcoin to become legal tender in the Land of the Rising Sun (albeit with lots of oversight), and Russia's announcement that they'd rule on cryptocurrency legality in 2018.
