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Bitcoin Price Hits New High Above $6,500
Bitcoin prices have continued to climb today, reaching $6,522 for the first time in its nine-year history.
Updated Sep 13, 2021, 7:06 a.m. Published Nov 1, 2017, 9:49 a.m.
Bitcoin prices have continued to climb today, passing $6,500 for the first time ever.
The gains come soon after the number world's largest cryptocurrency hit previous highs in recent days, passing $6,300 on Oct. 29, and then $6,400 yesterday.
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At press time, the price of a bitcoin is at the fresh high of $6,522, according to CoinDesk's Bitcoin Price Index – a 1.16 percent gain for the day so far. The digital currency started the session at $6,447.
According to CoinMarketCap data, bitcoin is up over 17 percent for the week, and its market capitalization has now peaked at $108.5 billion.
Elsewhere in the markets, rival asset bitcoin cash is also up today, trading at around $492, rising 9.34 percent over the last 24 hours.
The combined market cap for all cryptocurrencies is now $184 billion – also a new record high.
Ferris wheel image via Shutterstock
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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
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