Bitcoin Price Continues Record-Breaking Run to Top $1,500

Bitcoin's price is hitting new highs yet again this week, after passing the $1,500 mark during overnight trading.

AccessTimeIconMay 4, 2017 at 12:12 p.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 event for everything crypto, blockchain and Web3.Register Now
coindesk-bpi-chart-6-8

Bitcoin's price is hitting new highs yet again this week, after passing the $1,500 mark during overnight trading.

According to the CoinDesk Bitcoin Price Index (BPI), markets climbed to as much as $1,540.71 in the past few hours of trading. The $1,500 price point was first crossed at around 1:15 UTC, BPI data shows, and apart from minor dips over the following two hours, it has stayed above that level since.

At press time, the average price of a bitcoin is $1,534.80, an increase of around 3% above the day's opening price of $1,492.00.

Market data further shows that other blockchain token markets are seeing new highs this morning. According to CoinMarketCap, the privacy-oriented monero has climbed above $25 for the first time.

Balloon 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.