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Bitcoin Prices Bounce Back Above $4,400
Bitcoin prices have once more climbed past $4,400 following days of generally sideways movement below $4,200.
Updated Sep 14, 2021, 1:56 p.m. Published Aug 25, 2017, 10:40 a.m.
Bitcoin prices have once more climbed past $4,400 following days of generally sideways movement within the $4,100–$4,200 range.
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Starting to pick up from around 22:00 UTC yesterday, prices across global exchanges opened the session at $4,362, and had reached a high of $4,420. Prices were again at that level at press time, a rise of 1.33 percent, according to the CoinDesk Bitcoin Price Index.
Those figures put prices around $85 short of the all-time high achieved on August 17, when bitcoin topped $4,500 for the first time ever.
Elsewhere in the markets, ethereum is up 3.49 percent for the day at $332.65, according to CoinMarketCap. New cryptocurrency bitcoin cash is down 2 percent, however, with prices at $642.95 at press time.
A notable strong showing for privacy-oriented cryptocurrency monero today sees its price up over 14 percent, with one token now worth $98.
Reflecting continued positivity in the digital asset markets, the market capitalization across all cryptocurrencies is once again at a record high, at just over $155 billion.
Trader and chart image via Shutterstock
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Why is Bitcoin Trading Lower Today?
Market uncertainty persists due to internal Fed divisions and unclear future rate paths until 2026.
What to know:
- Bitcoin and Ether prices fell following the Federal Reserve's rate cut and mixed signals about future monetary policy.
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- Market uncertainty persists due to internal Fed divisions and unclear future rate paths until 2026.
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