Bitcoin's Price Climbs Above $6,400 to Hit All-Time High

The price of bitcoin has hit a new all time high, crossing the $6,300 mark for the second time this week.

AccessTimeIconOct 31, 2017 at 2:15 p.m. UTC
Updated Sep 14, 2021 at 1:56 p.m. UTC

The price of bitcoin has hit an all-time high, crossing $6,400 for the first time.

According to data from the CoinDesk Bitcoin Price Index (BPI), the price reached an average of $6,415.28 across global exchanges at roughly 14:00 UTC today. On Oct. 29, the price of bitcoin rose to $6,306.58, a move that came just over a week after markets moved above $6,000 for the first time.

Data shows markets have consistently traded above this level since Oct. 29. Overall, the price is up more than 500 percent since the start of the year, having begun trading below $1,000.

Today's climb also represents a gain of more than $200 in 24-hour trading, per data from the BPI, bringing bitcoin's market capitalization to roughly $106 billion.

At press time, bitcoin is trading at $6,381.07, a gain of about 4.2 percent on the day.

Other top-10 cryptocurrencies (by market capitalization) have seen mixed results in terms of trading, including a notable decline in bitcoin cash. As reported by CoinDesk, the cryptocurrency's price has been trending down in the run-up to a planned technical change.

This article has been updated.

Image via Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC