Bitcoin Price Passes $1,800 to Hit New Record High

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Bitcoin’s worth rose above $1,800 this morning, setting a brand new all-time excessive, in accordance to knowledge from the CoinDesk Bitcoin Price Index (BPI).

Average costs reached as excessive as $1,839.23, BPI knowledge exhibits, after starting the session at $1,732.13. Prices are at the moment at a median of round $1,824 and up almost four% for the session up to now.

Notably, the transfer previous $1,800 comes simply over a day after the BPI rose above $1,700 for the primary time ever.

Other cryptocurrencies, too, have seen major gains in current days. Some market watchers consider  recent influx of new capital into the market is driving the value development, and that exercise in over-the-counter trades is growing as effectively.

Hot air balloon picture through Shutterstock

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