November 19, 2017 8:46 PM

Newsflash: Bitcoin Price Reaches $8,100, a New Record High

Bitcoin price has struck a new all-time high of $8,100 during Sunday’s trading, continuing its rally from the previous Sunday’s lows.

The world’s first cryptocurrency has hit a new record high of $8,100 (Bitfinex) as its resurgence from last week’s decline to $5,500, continues.

Sunday began with bitcoin trading at just under $7,800 and stuck under the ceiling for most of the day. At 17:15 (UTC), prices jumped above $7,900 in a 15-minute trading period. The swell turned to a spike which ended with bitcoin striking $8,100 at 18:15, a gain of over $300 in an hour.

At press time, bitcoin is trading to the dollar at $8,065.

Data from CoinMarketCap shows bitcoin now gaining 31.7% in a 7-day span. The previous Sunday’s decline was caused by a major sell-off by investors who shifted to offshoot cryptocurrency Bitcoin Cash, a trend that has since been reversed.

Overall, the total value of all mined bitcoins sees the market cap of bitcoin, the world’s most prominent cryptocurrency, reach above $134 billion.

Featured image from Shutterstock.

Last modified: May 20, 2020 9:48 PM

Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering financial and blockchain news. He has authored over 2,000 articles for CCN. Email him samburaj(@) or find him barely tweeting @sambdas