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Election 2024

Bitcoin Sets New Record as Price Tops $7,000

Another day, another record... Bitcoin prices have continued to climb overnight reaching a fresh all-time high of over $7,000.

By Daniel Palmer
AccessTimeIconNov 2, 2017 at 8:23 a.m. UTC
Updated Aug 18, 2021 at 7:22 p.m. UTC
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Election 2024 coverage presented by

Stand with crypto
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[Update: Bitcoin's price passed $7,000 soon after 10:00 UTC, and has reached a record high of $7,034.14 so far today.]

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    • Another day, another record...

    Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.

    At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk's Bitcoin Price Index – a 2.8 percent gain for the day so far.

    As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion.

    Elsewhere in the markets, newly created cryptocurrency bitcoin cash (BCH) is again making significant gains, trading at around $546. BCH has risen 13.63 percent over the last 24 hours, and an astonishing 62.16 percent over the last 7 days.

    The combined market cap for all cryptocurrencies is again at record highs, sitting at $188.5 billion at press time.

    Hot-air ballooon image via Shutterstock

    Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    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.