Bitcoin's price shot well above $7,000 Tuesday in a dramatic move that took the cryptocurrency to a level it hasn't seen in more than a month.
As of press time, the world's most valuable cryptocurrency by market capitalization was trading at $7,368.
22, up more than $600 from the day's open at $6,726.
The market moved quickly, posting the gains over the course of 45 minutes.
CoinDesk's Bitcoin Price Index registered a market high of $7,408.
The last time the price was this high was on June 10, BPI figures reveal.
Other major cryptocurrencies are following suit - a usual occurrence when bitcoin prices surge.
Names like XRP, EOS, and litecoin are all printing gains above 6 percent.
Per CoinMarketCap, the total market capitalization for the cryptocurrency market hit roughly $287 billion in light of the market uptick.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Above $7K: Bitcoin's Price Shoots Up $600 in 30 Minutes
Publié le Jul 17, 2018
by Coindesk | Publié le Coinage
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