It’s Official: Bitcoin’s Price Makes History Passing $10k

After a day of tepid approaches toward the total, the price of bitcoin rose above $10,000 on CoinDesk’s Bitcoin Price Index (BPI) for the first time in history today.

Having scaled to $9,000 this weekend, the world’s largest cryptocurrency by market capitalization hit a new high of $10,044 at 1:45 UTC, market data shows. The move came after exchanges in South Korea saw trading above that threshold yesterday and today, though U.S. exchanges had yet to mark the milestone.

However, at press time, domestic exchanges including Coinbase’s GDAX exchange, Paxos’s itBit exchange and Gemini, were all posting spot prices above the $10,000 mark.

With the move, bitcoin is now up more than 900 percent on a year-to-date basis, with prices climbing 230 percent since a low of $3,000 in mid-September.

The meteoric rise has pushed the combined market value for all cryptocurrencies to a new high. Bitcoin’s market capitalization is now close to $170 billion, additional market data shows.

At press time, the price of bitcoin is trading at 10,038.

Image via Shutterstock

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Source: http://coindesk.com

CoinDesk is a news site specializing in bitcoin and digital currencies. Owned by Digital Currency Group.

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