Bitcoin's price shot well above $7,000 Tuesday in a dramatic move that took the cryptocurrency to a level it hasn't seen in more than a month.
As of press time, the world's most valuable cryptocurrency by market capitalization was trading at $7,368.
22, up more than $600 from the day's open at $6,726.
The market moved quickly, posting the gains over the course of 45 minutes.
CoinDesk's Bitcoin Price Index registered a market high of $7,408.
The last time the price was this high was on June 10, BPI figures reveal.
Other major cryptocurrencies are following suit - a usual occurrence when bitcoin prices surge.
Names like XRP, EOS, and litecoin are all printing gains above 6 percent.
Per CoinMarketCap, the total market capitalization for the cryptocurrency market hit roughly $287 billion in light of the market uptick.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Above $7K: Bitcoin's Price Shoots Up $600 in 30 Minutes
Veröffentlicht auf Jul 17, 2018
by Coindesk | Veröffentlicht auf Coinage
Coinage
Erwähnt in diesem Artikel
Neueste Nachrichten
Alle ansehen
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.