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Bitcoin Sets New Record as Price Tops $7,000

Another day, another record... Bitcoin prices have continued to climb overnight reaching a fresh all-time high of over $7,000.

Updated Sep 14, 2021, 1:56 p.m. Published Nov 2, 2017, 8:23 a.m.

[Update: Bitcoin's price passed $7,000 soon after 10:00 UTC, and has reached a record high of $7,034.14 so far today.]

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Another day, another record...

Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.

At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk's Bitcoin Price Index – a 2.8 percent gain for the day so far.

As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion.

Elsewhere in the markets, newly created cryptocurrency bitcoin cash (BCH) is again making significant gains, trading at around $546. BCH has risen 13.63 percent over the last 24 hours, and an astonishing 62.16 percent over the last 7 days.

The combined market cap for all cryptocurrencies is again at record highs, sitting at $188.5 billion at press time.

Hot-air ballooon image via Shutterstock

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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 (See: Editorial Policy).