Bitcoin Prices Reach New All-Time High of $4,491

Following two days of near sideways trading, bitcoin prices have once again reached record levels.

Since setting its most recent all-time high of $4,483 on August 15, prices have fluctuated in the $4,000–$4,200 range until starting to rise once again Wednesday afternoon.

This morning, however, after a slight drop early on at 3:00 a.m. UTC, vigorous trading has seen the price of the crypto asset rapidly climb to a new high of $4,491 at 9:36 a.m. UTC.

At press time, the price stood at $4,471 – a 1.04 percent gain for the day so far, according to CoinDesk’s Bitcoin Price Index.

Bitcoin’s market capitalization now stands at $73.4 billion, up from $68 billion two days ago.

Looking at wider market, the combined market cap for all cryptocurrencies has also reached a new all-time high of $144.7 billion, according to CoinMarketCap.

Chart image via Shutterstock

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Source: Coindesk