Bitcoin's Price Climbs Above $6,400 to Hit All-Time High

The price of bitcoin has hit a new all time high, crossing the $6,300 mark for the second time this week.

AccessTimeIconOct 31, 2017 at 2:15 p.m. UTC
Updated Sep 14, 2021 at 1:56 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The price of bitcoin has hit an all-time high, crossing $6,400 for the first time.

According to data from the CoinDesk Bitcoin Price Index (BPI), the price reached an average of $6,415.28 across global exchanges at roughly 14:00 UTC today. On Oct. 29, the price of bitcoin rose to $6,306.58, a move that came just over a week after markets moved above $6,000 for the first time.

Data shows markets have consistently traded above this level since Oct. 29. Overall, the price is up more than 500 percent since the start of the year, having begun trading below $1,000.

Today's climb also represents a gain of more than $200 in 24-hour trading, per data from the BPI, bringing bitcoin's market capitalization to roughly $106 billion.

At press time, bitcoin is trading at $6,381.07, a gain of about 4.2 percent on the day.

Other top-10 cryptocurrencies (by market capitalization) have seen mixed results in terms of trading, including a notable decline in bitcoin cash. As reported by CoinDesk, the cryptocurrency's price has been trending down in the run-up to a planned technical change.

This article has been updated.

Image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.