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Bitcoin Price Gains Continue with Record High Just Shy of $7,000

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Thursday, November 02, 2017  11.32AM / By Daniel Palmer 
 

Another day, another record... 

Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.  

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Source: CoinDesk 

At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk's Bitcoin Price Index – a 2.8 percent gain for the day so far. 

As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion. 

Elsewhere in the markets, newly created cryptocurrency bitcoin cash (BCH) is again making significant gains, trading at around $546. BCH has risen 13.63 percent over the last 24 hours, and an astonishing 62.16 percent over the last 7 days. 

The combined market cap for all cryptocurrencies is again at record highs, sitting at $188.5 billion at press time. 

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