Bitcoin Sets New Record as Price Tops $7,000

NEWS
Daniel Palmer
Nov 2, 2017 at 08:23 UTC  |  Updated  Nov 2, 2017 at 10:55 UTC

[Update: Bitcoin's price passed $7,000 soon after 10:00 UTC, and has reached a record high of $7,034.14 so far today.]

Another day, another record...

Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.

At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk's Bitcoin Price Index – a 2.8 percent gain for the day so far.

As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion.

Elsewhere in the markets, newly created cryptocurrency bitcoin cash (BCH) is again making significant gains, trading at around $546. BCH has risen 13.63 percent over the last 24 hours, and an astonishing 62.16 percent over the last 7 days.

The combined market cap for all cryptocurrencies is again at record highs, sitting at $188.5 billion at press time.

Hot-air ballooon image via Shutterstock

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