The price of bitcoin has hit yet another all-time high, passing above $8,200 for the first time.
As of press time, markets had hit a high of $8,241.30, according to the CoinDesk Bitcoin Price Index (BPI). The market high marks a continuation of the trend that began over the weekend when the price popped above the $8,000 level during Sunday trading.
The new high also marks the latest twist in the volatile cryptocurrency’s price moves in recent days. As previously reported, the price of bitcoin was trading near $6,000 just over a week ago, having previously fallen from nearly $7,900 before then.
At press time, the price of bitcoin is trading at roughly $8,226.
Other cryptocurrencies among the top-10 group by market capitalization have seen gains in the past day, including ether, which hit an 11-week high this morning on reports of a new regulated derivatives product built around the cryptocurrency.
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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 Mon, 20 Nov 2017 15:18:03 +0000