The price of bitcoin has hit a new all-time high, crossing the $6,000 line for the first time.
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 world’s two largest exchanges by volume.
Today’s move pushes the network’s collective market capitalization closer to the $100 billion line. At press time, according to the BPI, bitcoin’s market cap is roughly $99.5 billion.
Image via Shutterstock
Update: This story has been updated to reflect new market data after bitcoin’s price rose above $6,000.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.