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