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$7,900: Bitcoin’s Price Extends Gains to Hit 9-Month High

May 13, 2019 / Sam Ouimet

The price of bitcoin (BTC) surpassed $7,900 today, jumping 16 percent in the process to reach a high not seen in more than nine months. Bitcoin (BTC), with a market capitalization that now accounts for 59.8 percent of the total cryptocurrency market, jumped 16 percent from its opening price of $6,800 to reach $7,889 at 15:10 UTC – its highest price since July 31, 2018, according to CoinDesk’s price data. The data further shows that a high of $7,946.01 has been reached during Monday trading. Now trading a $7,805.10, current figures represent a more than 37 percent increase in the past 7-days alone. Since hitting a 2018 price low of $3,112 on December 15, 2018, with a market cap of $56 billion at the time, bitcoin’s price has since rallied nearly 150 percent and currently records a market cap of $136 billion, according to CoinMarketCap.