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Bitcoin Prices Reach New All-Time High of Over $4,500
Following two days of sideways trading, bitcoin prices have once again reached record levels.
[Updated]
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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
Daniel Palmer
Previously one of CoinDesk's longest-tenured contributors, and now one of our news editors, Daniel has authored over 750 stories for the site. When not writing or editing, he likes to make ceramics. Daniel holds small amounts of BTC and ETH (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>).
