The Bitcoin Price Just Set a New All-Time High Above $4,700
The price of bitcoin is now trading at its highest level ever, according to data from the Bitcoin Price Index.
Aug 29, 2017 at 1:38 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3UTBLGFDXJBK3AFH2BFSWPODZQ.png)
The price of bitcoin is now trading at its highest level ever.
At press time, the average price of bitcoin across global exchanges was $4,703.21, a figure that was up roughly 4% from a previous high of $4,522.13 set on August 18.
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The move comes as bitcoin prices edged up over the day's session, beginning an upward ascent around 12:20 UTC. Since that time, the price of bitcoin is up more than $100, rising from $4,342 at the time.
Overall, the price of bitcoin is up from a daily low of $4,400. On the year, bitcoin is now up 350% from roughly $1,000 on January 1.
Elsewhere, the price of ether, ethereum's blockchain token, was nearing all-time highs, reaching its highest total observed since mid-June.
Rocket image via Shutterstock
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