Share this article
$5,800: Bitcoin Price Hits New Record High
The value of a bitcoin reached a new all-time high of $5,856 this morning amid a market that is fast recovering from regulatory news in China.
Updated Sep 14, 2021, 1:56 p.m. Published Oct 13, 2017, 8:00 a.m.
In this article
The value of a bitcoin reached a new all-time high of $5,856.10 at around 02:45 UTC this morning.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
The new price record comes just hours after setting new highs with a strong move beyond $5,000 yesterday, according to CoinDesk's Bitcoin Price Index. At 16:30 UTC Thursday, bitcoin was at $5,363.
Bitcoin started the session today at $5,439, before rising sharply to the new high within 3 hours. Today's low was $5,396.
Advertisement
The price of the cryptocurrency has since dropped to $5,704 at press time – a rise of around 13 percent over the last 24 hours. For the week, bitcoin is up over 30 percent.
Elsewhere in the cryptocurrency markets, ether and litecoin are also seeing positive price moves, according to CoinMarketCap data. Ether is up over 5 percent over the last 24 hours, while litecoin is up almost 14 percent.
The combined market cap for all cryptocurrencies is once again climbing towards the Sept. 1 high of $172.5 billion, peaking this morning at $171.94 billion. Bitcoin's market cap is today $95.5 billion, over 55 percent of the total market.
Taking an overview, it would seem that the market fears caused by China's ICO ban in early Sept., and the voluntary closures of domestic cryptocurrency exchanges that followed, have now almost completely been shrugged off by the market.
Rock climber image via Shutterstock
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
