PlayIconNav
BTC
$98,468.72+1.01%
ETH
$3,335.83+6.70%
SOL
$257.81+6.89%
BNB
$624.11+2.79%
XRP
$1.39+23.69%
DOGE
$0.38503655+1.18%
CD20
$3,227.83+6.94%
ADA
$0.86278228+11.32%
TRX
$0.19784451+0.04%
AVAX
$36.68+9.50%
SHIB
$0.00002457+3.62%
WBTC
$97,772.39+0.81%
Ad
Markets
Election 2024

$5,000: Bitcoin Price Hits Historic New Milestone

Bitcoin markets rose above $5,000 for the first time after a week of rising prices.

By Stan Higgins
AccessTimeIconSep 2, 2017 at 4:05 a.m. UTC
Updated Aug 18, 2021 at 6:50 p.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
price-11

Bitcoin's price rose above $5,000 for the first time today.

The CoinDesk Bitcoin Price Index (BPI) hit a high of $5,013.91 at 02:25 UTC, market data shows, staying above that level over the next 10 minutes of trading. The price then dipped below the $5,000 mark, falling over the next hour to a low of $4,867.18 at 03:28 UTC.

VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • Market data points to Chinese bitcoin exchange OKCoin leading the spike, with that market hitting a high of $5,149.

    coindesk-bpi-chart-19-3

    Markets then climbed back above $4,900, reaching $4,916.39, BPI data shows, before sliding again. As of press time, bitcoin's price is trading at $4,877.36, according to the BPI.

    A week ago, markets were at ranging between $4,340 and $4,370, and on Tuesday the weekly low was recorded at $4,221.44. Yet in the past few days, markets saw significant surges, shooting past the $4,700 and $4,800 levels to hit new all-time highs.

    Image via Shutterstock

    This piece has been updated.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.