Bitcoin Rebounds As Price Tops $1,100

Bitcoin prices have surged today, rising over 3% overall since the start of trading and at one stage topping $1,141.

AccessTimeIconApr 3, 2017 at 7:06 a.m. UTC
Updated Sep 14, 2021 at 1:57 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

Bitcoin prices have surged today, rising over 3% overall since the start of trading and at one stage topping $1,141.

At the time of reporting, the price of a bitcoin had fallen slightly to around $1,134, according to the CoinDesk Bitcoin Price Index, though the general trend seems to be still rising.

The sudden increase comes after a fall in prices following the rejection by the SEC of the Winklevoss brothers' bitcoin ETF last month.

Bitcoin had been trading at record highs last month in expectation of the announcement, at one stage closing on $1,300 per coin, and surpassing even the per-spot price for an ounce of gold – truly justifying bitcoin's moniker 'digital gold' for the second time in its history.

Further, there has been debate in the industry over the path forward for bitcoin and how best to scale the technology going forward. That discussion has led to talk of a 'hard fork' of the core software – a possibility that could split the digital currency into two rival coins.

Fears over the issue seemed to have hit prices late last month, as bitcoin once again exchanged hands at sub-$1,000 prices mid-to-late March.

While it's never easy to directly link events in the real world to movements on the price charts, it would seem that bitcoin traders are shrugging off concerns over the scaling issue and still seeing the core value in the cryptocurrency.

Child with wings image via Shutterstock


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; 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 to register and buy your pass now.