Bitcoin's Price Climbs Above $6,900 to Reach New Market High
The price of bitcoin has reached yet another all-time high this week, rising past $6,900 for the first time.
Markets hit an average high of $6,900.00 around 21:34 UTC, data from the Bitcoin price Index (BPI) shows.
The market ramp came hours after Bitcoin Price Index reported a first-ever high of $6,500 on November 1, pushing the total market capitalization of Bitcoin to over $110 billion.
Recent price advances have increased the share of bitcoin's market capitalization compared to the rest of the cryptocurrency ecosystem. According to the data from CoinMarketCap, bitcoin accounts for nearly 60 percent of the entire $183 billion cryptocurrency market.
As of press time, the price had fallen back below $6,600, trading at around $6,579.
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