UPDATE (16th November 4:48 EST): The price of bitcoin has hit a new all-time high of $7,892.42.
The price of bitcoin is spiking, climbing above $7,700 for the first time since Nov. 8.
At press time, the price of bitcoin is at an average of $7,741.44, representing a gain of more than 6% since the day's open of $7,279. That figure also signifies a gain of over $450, according to the CoinDesk Bitcoin Price Index (BPI).
As of the time of writing, the price hit a high of $7,769.84 today – a figure that brings it close to bitcoin's all-time high of $7,879.06.
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