The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17,364.56 reported previously on Dec. 7. As previously reported, that day saw significant price divergences among exchanges, leading to spreads in excess of $1,000 between the world's various marketplaces for bitcoin.
According to the BPI, the price of bitcoin has surged more than $2,000 today, a development that comes less than a day after options exchange CBOE first commenced trading of its initial bitcoin futures products. Data from CNBC indicates that the contract scheduled to expire in January is trading at $18,670 as of 3:38 p.m. EST.
At press time, bitcoin's price is $17,178.96, per the BPI representing an increase of over 14 percent.
Additional data from CoinMarketCap suggests that the wider cryptocurrency market is seeing gains, with several of the top-10 cryptocurrencies by market capitalization seeing price increases above 10 percent in the past 24 hours. As it stands, the total market capitalization is at roughly $456 billion, according to the service.
Rollercoaster image via Shutterstock
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at email@example.com. Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
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