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Bitcoin's Price is Up Over $50 Already Today

After trials and turbulence last week, the price of bitcoin is up more than 7% today already.

Jan 17, 2017 at 2:35 p.m. UTC
Updated Sep 14, 2021 at 1:58 p.m. UTC

price

The price of bitcoin is up more than 7% today, climbing to just under $900.

Markets saw an average high of $896, according to the CoinDesk USD Bitcoin Price Index (BPI) after opening the day at $830. At press time, prices were currently averaging $882.10, an increase of just over 6%, BPI data shows.

Notably, CNY-denominated markets have climbed more than 10% today, hitting a high of ¥6,193.35. Prices are currently averaging ¥6,091.78.

The jump followed a day of relative calm, which saw the digital currency’s price fluctuate between $820 and $835 during much of the day’s trading.

BPI data shows that the price increase began shortly after 03:00 UTC this morning, a rise that has sparked curiosity given that it seems to have been driven by China-based exchange activity.

Bitcoin markets have seen a mix of volatile and subdued trading sessions in recent days, spurred significantly by regulatory developments from the region.

Image via Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, 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.

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