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Newsflash: Bitcoin Price Climbs to New All-Time High Beyond $4,700

Last Updated March 4, 2021 4:59 PM
Samburaj Das
Last Updated March 4, 2021 4:59 PM

Bitcoin price has hit a new all-time high, wading into uncharted territory as the value of the cryptocurrency breaks beyond $4,700.

Bitcoin prices struck above $4,700 on several global exchanges on Thursday, building on from Wednesday’s record-high of $4,650 as trading escalates toward a flourishing finish of August. Yesterday’s high overtook the previous all-time high of $4,500(+), also set earlier this month.

Bitcoin prices on Coinbase struck a high of $,4711.3 according to data From BitcoinWisdom, while trading value at Bitstamp nears $4,700.

Market trading data reveals USD-based markets continuing to account for a majority of trading at nearly 30% of the world’s global trades over a 24-hour period. Chinese exchanges are making a strong comeback toward the top-end of the list after resuming bitcoin withdrawals following a months-long freeze, in June.

Bitcoin’s new highs coincides with a marked increase in prices of all 20 top cryptocurrencies, data from CoinmarketCap  reveals. Bitcoin’s closest competitor, Ether, the native token of the Ethereum network, is closing in on $400, near trading levels last seen in June when Ethereum prices surged to a record high of $407.

Stay tuned for today’s market round-up.

Chart from Crypto.Watch.

Featured image from Shutterstock.