Bitcoin price drops back below $4,000 - but what next? CREDIT: BLOOMBERG Mark Molloy 22 AUGUST 2017 • 2:33PM B itcoin slumped back to below $4,000 after a wave of record highs since its split into two separate cryptocurrencies. The price of the virtual currency had soared to a record new high of $4,500 on Thursday , but is now trading at $3,977 - a seven-day low. Bitcoin prices have been rising steadily over the past two weeks following an event known as a hard fork, which resulted in two competing strands of the cryptocurrency emerging . Paid content 5 Ways to Build Wealth Outside the Stock Market yieldstreet The Most Important Map of America You Will Ever See (See Map) Banyan Hill Publishing Recommended by The virtual currency’s online community became divided over the best way to process bitcoin transactions following a surge in popularity this year, leading to the split. A nalysts remain divided over t