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Bitcoin Price Passes $1,800 to Hit New Record High
Bitcoin's price rose above $1,800 this morning, setting a new all-time high just over a day since passing the $1,700 mark.
Bitcoin's price rose above $1,800 this morning, setting a new all-time high, according to data from the CoinDesk Bitcoin Price Index (BPI).
STORY CONTINUES BELOW
Average prices reached as high as $1,839.23, BPI data shows, after beginning the session at $1,732.13. Prices are currently at an average of around $1,824 and up nearly 4% for the session so far.
Notably, the move past $1,800 comes just over a day after the BPI rose above $1,700 for the first time ever.
Other cryptocurrencies, too, have seen major gains in recent days. Some market watchers believe that a recent influx of new capital into the market is driving the price growth, and that activity in over-the-counter trades is increasing as well.
Hot air balloon image via Shutterstock
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry.
Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
