After a day of tepid approaches toward the total, the price of bitcoin rose above $10,000 on CoinDesk's Bitcoin Price Index (BPI) for the first time in history today.
Having scaled to $9,000 this weekend, the world's largest cryptocurrency by market capitalization hit a new high of $10,044 at 1:45 UTC, market data shows. The move came after exchanges in South Korea saw trading above that threshold yesterday and today, though U.S. exchanges had yet to mark the milestone.
However, at press time, domestic exchanges including Coinbase's GDAX exchange, Paxos's itBit exchange and Gemini, were all posting spot prices above the $10,000 mark.
With the move, bitcoin is now up more than 900 percent on a year-to-date basis, with prices climbing 230 percent since a low of $3,000 in mid-September.
The meteoric rise has pushed the combined market value for all cryptocurrencies to a new high. Bitcoin's market capitalization is now close to $170 billion, additional market data shows.
At press time, the price of bitcoin is trading at 10,038.
Image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups 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, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.