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Bitcoin's Price Passes $13k in New All-Time High
The price of bitcoin has broken to yet another all-time high today, crossing the $13,000 line for the first time.
By Stan Higgins
Updated Sep 13, 2021, 7:14 a.m. Published Dec 6, 2017, 7:42 p.m.
The price of bitcoin has broken yet another all-time high today, crossing the $13,000 line for the first time.
The CoinDesk Bitcoin Price Index (BPI) has posted a high of $13,017.96, representing a gain of more than 10 percent since the day's open and an overall rise of over $1,300. It also brings bitcoin's total market capitalization to roughly $217 billion, according to the BPI.
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The move continues the trend reported earlier today when the price of bitcoin posted a $1,000-gain over the course of 24 hours, pushing past $12,000 for the first time earlier today.
At press time, the price of bitcoin is trading at $13,002.44, BPI data shows.
Additional data from CoinMarketCap.com shows that South Korean exchanges continue to trade well above the rest of the market, with Bithumb, Coinone and Korbit reporting trades above $15,000 at press time.
Runner image via Shutterstock
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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