Newsflash: Bitcoin Price Tears Beyond $9,750

November 27, 2017 9:27 AM UTC

Bitcoin price has continued to blitz in an upward spike this morning, hitting a record $9,771.

Within a day of setting a new historic high of $9,000, prices continued to climb overnight before hitting $9,500 during the early hours of Monday. After hitting the figure at 00:30 (UTC), bitcoin price pressed ahead to achieve the new all-time high of $9,771 on Bitfinex at 06:00 UTC, this morning.

At press time, bitcoin price remains above $9,700 with a 7.6% gain in a 24-hour period, according to data from CoinmarketCap. Over the last 7 days, bitcoin is now up 21% as the world’s first cryptocurrency grows to a market capitalization of over $162 billion. That’s a figure that now pits bitcoin within touching distance of Mastercard’s valuation ($171 billion), the world’s second-largest payments processor, after Visa.

Dropped in the world’s M1 (liquid money metric) scale on the CIA’s global list, bitcoin is #27 on the global list, above the likes Brazil and the United Kingdom and fast playing catch up to Russia and Mexico.

Since the turn of the year when prices hit $1,000, bitcoin’s astounding gains now sees the cryptocurrency rise a remarkable 875%(+) in 2017.

Featured image from Shutterstock.

Last modified: June 11, 2020 10:08 AM UTC

Samburaj Das @sambdas

Samburaj is the Chief Editor of CCN.com, one of the earliest and foremost publications covering blockchain, cryptocurrency, and financial technology news. He has authored over 2,000 articles for CCN.com. Reach him at samburaj@ccn.com. Visit his LinkedIn profile here or his Muck Rack profile here. Samburaj Das is a Trusted Journalist.