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The price of bitcoin has risen sharply, exceeding the $3,200 level for the first time on the CoinDesk Bitcoin Price Index (BPI). <\/p>\n
The market advancebegan after 1:00 UTC, when the price of bitcoin climbed above $2,900, market data shows, crossing the $3,000 line around 3:12 UTC. <\/p>\n
Markets hit a high of $3,216.02, according to the BPI, and at press time are currently trading at an average of $3,154.94. Per the BPI, bitcoin's price hasn't been above the $3,000 level since June 12. <\/p>\n
The price advance also pushed bitcoins collective market capitalization past the $50 billion mark for the first time. According to the BPI, bitcoins market cap is around $52.35 billion at press time. <\/p>\n
As might be expected, market volumes jumped along with the price. Data from Bitcoinity showsmore trade volume during the past several hours than at any other point during the past week. <\/p>\n
Hot air balloon imagevia Shutterstock <\/p>\n
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Bitcoin Price Surges Past $3,200 to Hit All-Time High - CoinDesk - CoinDesk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The price of bitcoin has risen sharply, exceeding the $3,200 level for the first time on the CoinDesk Bitcoin Price Index (BPI). The market advancebegan after 1:00 UTC, when the price of bitcoin climbed above $2,900, market data shows, crossing the $3,000 line around 3:12 UTC. Markets hit a high of $3,216.02, according to the BPI, and at press time are currently trading at an average of $3,154.94. Continue reading