Quiet Surge: Bitcoin Price Sets New High Above $6,000

Quiet Surge: Bitcoin Price Sets New High Above $6,000

The price of bitcoin has hit a new all-time high, crossing the $6,000 line for the first time.

Markets climbed as high as $6,003.81, according to CoinDesk’s Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10.

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.

Image via Shutterstock

Update: This story has been updated to reflect new market data after bitcoin’s price rose above $6,000.

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

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

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