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Bitcoin Price Sets New Record As Cryptocurrency Market Tops $200 Billion
Amid a surging cryptocurrency market, bitcoin price gains have continued today, reaching a new all-time high of over $7,450.
Amid a surging cryptocurrency market, bitcoin price gains have continued today, reaching a new all-time high of over $7,450.
STORY CONTINUES BELOW
A rapid rise starting around 03:00 UTC saw the cryptocurrency peak at $7,454 at 10:38 UTC. The session opened at $7,030. At press time, the price of a bitcoin is down slightly $7,402, according to CoinDesk's Bitcoin Price Index – a 5.29 percent gain for the day so far.
As per CoinMarketCap, bitcoin is up over 27.15 percent for the last 7 days, and its market capitalization has now peaked at over $124 billion.
The combined market cap for all cryptocurrencies has also once again reached record levels, passing $202 billion for the first time.
Hot-air balloons 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 (See: Editorial Policy).
