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

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.

Last modified: March 4, 2021 4:59 PM

Samburaj Das: Samburaj is Editor of CCN.com, one of the earliest and foremost publications covering blockchain, and financial technology news. Now focusing on Markets, Showbiz, Sports, and Gaming. He has authored over 2,000 articles for CCN.com. Reach him at samburaj@ccn.com. Visit his LinkedIn profile here.