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Bitcoin's Price Passes $13k in New All-Time High

Stan Higgins
Having leapt up to fourth place in the cryptocurrency rankings, IOTA's prices are today witnessing what is a likely short-term slump.

The price of bitcoin has broken yet another all-time high today, crossing the $13,000 line for the first time.

The CoinDesk Bitcoin Price Index (BPI) has posted a high of $13,017.96, representing a gain of more than 10 percent since the day's open and an overall rise of over $1,300. It also brings bitcoin's total market capitalization to roughly $217 billion, according to the BPI.

The move continues the trend reported earlier today when the price of bitcoin posted a $1,000-gain over the course of 24 hours, pushing past $12,000 for the first time earlier today.

At press time, the price of bitcoin is trading at $13,002.44, BPI data shows.

Additional data from CoinMarketCap.com shows that South Korean exchanges continue to trade well above the rest of the market, with Bithumb, Coinone and Korbit reporting trades above $15,000 at press time.

Runner image via Shutterstock

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