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Bitcoin's Price Hits A New High Just Below $1,500
Bitcoin’s price is jumping to new highs, according to the CoinDesk Bitcoin Price Index (BPI).
By Stan Higgins
Updated Sep 11, 2021, 1:17 p.m. Published May 3, 2017, 9:30 p.m.
Bitcoin’s price is jumping to new highs, according to the CoinDesk Bitcoin Price Index (BPI).
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The average price has reached as high as $1,494.53 as of press time, representing a climb of more than 3% over the course of the day’s trading. The day opened at an average of $1,443.68, BPI data shows.
The price move brings bitcoin’s value closer to the $1,500 level, though several exchanges saw this price emerge during today’s session.
Yet available data shows the price slipping after nearly reaching $1,500, sliding to $1,477.58 at press time.
Prices have hit several new highs in recent days, as reported by CoinDesk, climbing rapidly during yesterday’s session to come within striking distance of $1,500. The developments are notable given that the price first exceeded the $1,400 mark on the BPI on Monday.
Space shuttle image via Shutterstock
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Crypto Markets Today: Bitcoin Rises, but Risk Appetite Remains Weak
Crypto prices are little changed, with bitcoin steady after dropping back from last week’s post-Fed high while altcoins continue to underperform amid risk-off sentiment.
What to know:
- BTC rebounded from Sunday’s $88,000 low to around $89,900, though it remains well below the $94,300 it hit after the Fed’s 25 basis-point rate cut.
- More than half of the top 100 tokens are lower over 24 hours, with the CoinDesk 20 up just 0.16% and the broader CD80 down 0.77%, underscoring altcoins' continuing underperformance.
- Sentiment has slipped back into “extreme fear,” altcoin season indicators remain depressed, and bitcoin dominance continues to climb, reflecting investor preference for larger-cap assets.
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