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The Bitcoin Price Just Set a New All-Time High Above $4,700
The price of bitcoin is now trading at its highest level ever, according to data from the Bitcoin Price Index.
By Pete Rizzo
Updated Sep 13, 2021, 6:52 a.m. Published Aug 29, 2017, 1:38 p.m.
The price of bitcoin is now trading at its highest level ever.
At press time, the average price of bitcoin across global exchanges was $4,703.21, a figure that was up roughly 4% from a previous high of $4,522.13 set on August 18.
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The move comes as bitcoin prices edged up over the day's session, beginning an upward ascent around 12:20 UTC. Since that time, the price of bitcoin is up more than $100, rising from $4,342 at the time.
Overall, the price of bitcoin is up from a daily low of $4,400. On the year, bitcoin is now up 350% from roughly $1,000 on January 1.
Elsewhere, the price of ether, ethereum's blockchain token, was nearing all-time highs, reaching its highest total observed since mid-June.
Rocket image via Shutterstock
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Bitcoin bounces from Monday's worst levels, but sub-$80,000 may come next, analyst says
Crypto markets remain "fragile," said Samer Hasn from XS.com. Traders are either stepping aside or being forced out.
What to know:
- Crypto markets stabilized in early U.S. trading Tuesday with bitcoin rising about 3% from late Monday afternoon to above $87,000.
- Crypto-related equities, including Strategy (MSTR), Robinhood (HOOD) and Circle (CRCL) saw early gains after yesterday's plunge.
- Despite the bounce, one analyst warned that crypto markets remain "fragile," with bitcoin likely to fell below November lows.
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