The price of bitcoin has hit a new all-time high, crossing the $6,000 line for the first time.
Markets climbed as high as $6,003.81, according to CoinDeskâs Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10.
BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp. At press time, the price of bitcoin is trading at around $5,968.
Figures from CoinMarketCap.com show that some exchanges are currently reporting a price above $6,000, including Bitfinex and Bithumb, the worldâs two largest exchanges by volume.
Todayâs move pushes the networkâs collective market capitalization closer to the $100 billion line. At press time, according to the BPI, bitcoinâs market cap is roughly $99.5 billion.
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Update:Â This story has been updated to reflect new market data after bitcoinâs price rose above $6,000.
