Home Mashable Bitcoin reaches new record high, breaks $9,000

Bitcoin reaches new record high, breaks $9,000

mimisabreena Sunday, November 26, 2017 Mashable

Bitcoin is getting closer and closer to $10,000.

The cryptocurrency hit a record high of $9,033 per bitcoin early Sunday morning. The price rose steadily over the weekend and surpassed $9,000 at around 6:40 a.m. UTC (1:40 a.m. ET), according to CoinDesk's Bitcoin Price Index. It now has a market cap of more than $150 billion.

Another digital currency ethereum also hit an all-time high of $485.18 on Saturday but has since dropped to $461.79 on Sunday, according to CoinMarketCap.

Bitcoin had been on an incredible run in the latter half of 2017. It was valued at $1,000 at the beginning of the year and is now closer to reaching the $10,000 mark as we inch toward to 2018. Bitcoin's value surpassed $5,000 and $6,000 in October and then rose over $7,000 and $8,000 in November. Read more...