Bitcoin Prices Reach New All-Time High of Over $4,500

[Updated]

Following two days of near sideways trading, bitcoin prices have once again reached record levels.

Since setting its most recent all-time high of $4,483 on August 15, prices have fluctuated in the $4,000–$4,200 range until starting to rise once again Wednesday afternoon.

This morning, however, after a slight drop early on at 3 a.m. UTC, vigorous trading has seen the price of the crypto asset rapidly climb to a new high of $4,501 at around 11 a.m. UTC.

At press time, the price stood at $4,495 – a 1.58 percent gain for the day so far, according to CoinDesk's Bitcoin Price Index.

Bitcoin's market capitalization now stands at over $73 billion, up from $68 billion two days ago.

Looking at wider market, the combined market cap for all cryptocurrencies has also reached a new all-time high of $144.7 billion, according to CoinMarketCap.

Chart image via Shutterstock