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Markets

Bitcoin Price Hits New High Above $6,500

Bitcoin prices have continued to climb today, reaching $6,522 for the first time in its nine-year history.

By Daniel Palmer
AccessTimeIconNov 1, 2017 at 9:49 a.m. UTC
Updated Sep 13, 2021 at 7:06 a.m. UTC
Credit: Shutterstock
Credit: Shutterstock

Bitcoin prices have continued to climb today, passing $6,500 for the first time ever.

The gains come soon after the number world's largest cryptocurrency hit previous highs in recent days, passing $6,300 on Oct. 29, and then $6,400 yesterday.

At press time, the price of a bitcoin is at the fresh high of $6,522, according to CoinDesk's Bitcoin Price Index – a 1.16 percent gain for the day so far. The digital currency started the session at $6,447.

According to CoinMarketCap data, bitcoin is up over 17 percent for the week, and its market capitalization has now peaked at $108.5 billion.

Elsewhere in the markets, rival asset bitcoin cash is also up today, trading at around $492, rising 9.34 percent over the last 24 hours.

The combined market cap for all cryptocurrencies is now $184 billion – also a new record high.

Ferris wheel image via Shutterstock

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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.