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Election 2024

Bitcoin, Ether Prices Surge to Fresh All-Time Highs

The top two cryptocurrencies by market capitalization have continued their respective rallies, setting fresh record highs today.

By Daniel Palmer
AccessTimeIconNov 25, 2017 at 10:30 a.m. UTC
Updated Aug 18, 2021 at 7:33 p.m. UTC
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Election 2024 coverage presented by

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The top two cryptocurrencies by market capitalization, bitcoin and ether, have continued their respective rallies, setting fresh record highs today.

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    • Soon before press time, the price of 1 BTC had set a new record of $8,470.73.

    Having traded more or less sideways since Monday, prices started to lift at 07:00 UTC, setting the new all-time high at 09:43, according to CoinDesk's Bitcoin Price Index.

    Bitcoin started the session today at $8,201, and is up 2.85 percent for the session. According to CoinMarketCap, bitcoin has risen 11.97 percent over 24 hours, and 39.25 percent for the week.

    The sharp gains come as the combined market capitalization for all cryptocurrencies also peaks at new highs – currently standing at $267.6 billion. Bitcoin's market cap is now over $141 billion.

    Chart via CoinMarketCap
    Chart via CoinMarketCap

    Elsewhere in the cryptocurrency markets, ether also continues to set new highs.

    The native token of the ethereum project soared to $485.19 around 01:30 UTC this morning. Currently the token stands at $464, up 12 percent for the day and 39 percent for the last 7 days, also according to CoinMarketCap data.

    Balloons image via Shutterstock

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    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.