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$4,880: Bitcoin Price Climbs to Another All-Time High
Having briefly topped the $4,800 mark for the first time yesterday, bitcoin's price has bounced back to achieve a new high of almost $4,880 today.
Updated Sep 14, 2021, 1:56 p.m. Published Sep 1, 2017, 11:40 a.m. 1 min read
[Updated]
Having only briefly topped the $4,800 mark for the first time yesterday, bitcoin's price has bounced back to achieve a new high just cents below $4,880 today.
Opening the session at $4,764.87, vigorous trading has seen the value of a bitcoin rise this morning to a record-setting $4,879.24 – up around $115 for the day so far, according to CoinDesk's Bitcoin Price Index. At press time, the price had dropped slightly to $4,876.
The market capitalization of the number one cryptocurrency has now reached over $79.7 billion – also a new high – and a market share of 45.4 percent, according to data from CoinMarketCap.
Elsewhere today, litecoin has also set a new all-time high of over $78, as has the combined market cap of all cryptocurrencies, which now stands at over $175 billion.
Climbing wall image via Shutterstock
あなたへの
The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.
知っておくべきこと:
- Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
- Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
- Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...
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