Bitcoin Price Hits New High Above $6,500

31. October 2017.

Bitcoin Price Hits New High Above $6,500

Bitcoin prices have continued to climb today, passing $6,500 for the first time ever.

The gains come soon after the number world’s largest cryptocurrency hit previous highs in recent days, passing $6,300 on Oct. 29, and then $6,400 yesterday.

At press time, the price of a bitcoin is at the fresh high of $6,522, according to CoinDesk’s Bitcoin Price Index – a 1.16 percent gain for the day so far. The digital currency started the session at $6,447.

According to CoinMarketCap data, bitcoin is up over 17 percent for the week, and its market capitalization has now peaked at $108.5 billion.

Elsewhere in the markets, rival asset bitcoin cash is also up today, trading at around $492, rising 9.34 percent over the last 24 hours.

The combined market cap for all cryptocurrencies is now $184 billion – also a new record high.

Ferris wheel image via Shutterstock

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 Wed, 01 Nov 2017 09:49:38 +0000

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