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It's Official: Bitcoin's Price Makes History Passing $10k
The price of bitcoin has risen above $10,000 on CoinDesk's Bitcoin Price Index (BPI) for the first time.
Updated Sep 13, 2021, 7:12 a.m. Published Nov 29, 2017, 2:26 a.m.
After a day of tepid approaches toward the total, the price of bitcoin rose above $10,000 on CoinDesk's Bitcoin Price Index (BPI) for the first time in history today.
Having scaled to $9,000 this weekend, the world's largest cryptocurrency by market capitalization hit a new high of $10,044 at 1:45 UTC, market data shows. The move came after exchanges in South Korea saw trading above that threshold yesterday and today, though U.S. exchanges had yet to mark the milestone.
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However, at press time, domestic exchanges including Coinbase's GDAX exchange, Paxos's itBit exchange and Gemini, were all posting spot prices above the $10,000 mark.
With the move, bitcoin is now up more than 900 percent on a year-to-date basis, with prices climbing 230 percent since a low of $3,000 in mid-September.
The meteoric rise has pushed the combined market value for all cryptocurrencies to a new high. Bitcoin's market capitalization is now close to $170 billion, additional market data shows.
At press time, the price of bitcoin is trading at 10,038.
Image via Shutterstock
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