The price of bitcoin has hit a new all-time high, crossing the $6,000 line for the first time.
BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp. At press time, the price of bitcoin is trading at around $5,968.
Figures from CoinMarketCap.com show that some exchanges are currently reporting a price above $6,000, including Bitfinex and Bithumb, the world’s two largest exchanges by volume.
Today’s move pushes the network’s collective market capitalization closer to the $100 billion line. At press time, according to the BPI, bitcoin’s market cap is roughly $99.5 billion.
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Update: This story has been updated to reflect new market data after bitcoin’s price rose above $6,000.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Published at Fri, 20 Oct 2017 15:10:48 +0000