Following two days of near sideways trading, bitcoin prices have once again reached record levels.
Since setting its most recent all-time high of $4,483 on August 15, prices have fluctuated in the $4,000–$4,200 range until starting to rise once again Wednesday afternoon.
This morning, however, after a slight drop early on at 3 a.m. UTC, vigorous trading has seen the price of the crypto asset rapidly climb to a new high of $4,501 at around 11 a.m. UTC.
At press time, the price stood at $4,495 – a 1.58 percent gain for the day so far, according to CoinDesk’s Bitcoin Price Index.
Bitcoin’s market capitalization now stands at over $73 billion, up from $68 billion two days ago.
Looking at wider market, the combined market cap for all cryptocurrencies has also reached a new all-time high of $144.7 billion, according to CoinMarketCap.
Chart image via Shutterstock
Disclosure Read More
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.