Bitcoin Price Jumps Above $4,800 for the First Time

Bitcoin Price Jumps Above $4,800 for the First Time

Bitcoin’s price briefly passed above the $4,800 mark for the first time today.

According to data from CoinDesk’s Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.

At press time, the price of bitcoin is trading at roughly $4,762, per data from the BPI.

The push above $4,800 continued gains seen earlier today, when bitcoin once again crossed $4,700 to hit a new all-time high. That milestone was buoyed by an overall lift in cryptocurrency prices that pushed the collective market capitalization above $170 billion for the first time.

Earlier this month, Goldman Sachs chief technician Sheba Jafari wrote in a note to clients that bitcoin prices could surge above $4,800 in the trading sessions to come – though she cautioned that the push had the potential to fall to as low as $3,000 or below. At the time, the cryptocurrency was trading around $4,300.

Pole vault image via Shutterstock


Tags assigned to this article:
bitcoin

Related Articles

Facebook and Amazon Cross $500 Billion Milestone

Facebook and Amazon have joined an exclusive club open to only the richest companies in the world: both crossed the

How Blockchain Businesses Communicate Nowadays

Blockchain-born companies understand that they must align with all values of this technology, and strive to be: democratic, open-source, honest and

Hurricane Harvey To Be The Most Expensive Natural Disasters Ever

The only thing known for certain about the cost of Hurricane Harvey is that it’s one of the most expensive

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Leave a Reply