The price of Bitcoin rose significantly during trading on Tuesday to hit a new all-time high.
Traders report revealed that bitcoin took a sharp upward turn on Tuesday where the cryptocurrency began trading around just under $4,375 on the Bitstamp Price Index (BPI).
On a global average, trading at the crack of Tuesday hovered near $4,400.
Steady trading ensued before climbing to of $4,450 at 13:00 UTC. The skyrocketing came soon after, with prices turning toward a steep ascent to scale $4,650 before 13:50.
As at yesterday when the report was made available, prices have trailed in a correction but continue to trade above $4,550, above the previous all-time high near $4,500 set on August 18.
Bitcoin’s marked gains today comes as Ethereum’s ether prices hit a 2-month high above $360 on a record-setting day for cryptocurrencies whose collective market cap has now scaled beyond $160 billion. Altogether, bitcoin has now gained 350% in 2017 after ringing in the year at $1,000.
Although, this is the yesterday’s report, today’s trading will determine if the price will go upward or downward.
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