The price of bitcoin has risen above $10,000 on CoinDesk’s Bitcoin Price Index (BPI) for the first time.
Having scaled to $9,000 this weekend, the world’s largest cryptocurrency by market capitalization hit a new high at 1:45 UTC today, market data shows. The move came after exchanges in South Korea saw trading above that threshold both yesterday and today.
On a year-to-date basis, bitcoin is up more than 900 percent. Prices are up more than 230 percent of the post-China exchange ban low of $3,000 that came 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 X.
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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.