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Prices

Bitcoin Price Passes $1,800 to Hit New Record High

May 11, 2017 at 11:19 AM | By Jit Sutradhar Markets

Bitcoin Price Index Chart

Bitcoin’s price rose above $1,800 this morning, setting a new all-time high, according to data from the CoinDesk Bitcoin Price Index (BPI).

Average prices reached as high as $1,839.23, BPI data shows, after beginning the session at $1,732.13. Prices are currently at an average of around $1,824 and up nearly 4% for the session so far.

Notably, the move past $1,800 comes just over a day after the BPI rose above $1,700 for the first time ever.

Other cryptocurrencies, too, have seen major gains in recent days. Some market watchers believe that a recent influx of new capital into the market is driving the price growth, and that activity in over-the-counter trades is increasing as well.

Hot air balloon image via Shutterstock

 

Article Source: http://www.coindesk.com

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