Bitcoin's price has risen above $4,700 for the second time in as many days to hit a new all-time high.
At press time, the price of bitcoin is at a global average of $4,733.74, representing a gain of about 2.2 percent, BPI data shows.
Market data shows that all of the top 10 cryptocurrencies by market capitalization are also seeing prices increases today. Ether, the cryptocurrency of the ethereum network, is currently trading at around $381 – a price that is still below the all-time high reported in June but higher than the gains reported earlier this week.
Combined, those price gains have pushed the overall market capitalization above $170 billion for the first time, according to data provider CoinMarketCap.
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