Bitcoin's price breaks records, yet again

Congrats to bitcoin.
 By 
Emma Hinchliffe
 on 
Bitcoin's price breaks records, yet again
Congrats, bitcoin. Credit: ethan miller/Getty Images

Bitcoin is still on a major upswing.

The price of the cryptocurrency broke $1,500 this week — a huge milestone for bitcoin and other cryptocurrencies.

The $1,500 price put the total value of the cryptocurrency market above $40 billion, MarketWatch reported.

Bitcoin started off 2017 trading just above $1,000, which was its first time reaching that mark in three years. Then in February, the digital currency exceeded its $1,165 record price set in 2014.

Last week, bitcoin rose above $1,400, an all-time high. And now it's above $1,500 — at $1,534 on Saturday afternoon, to be exact.

It could all come crashing down again — in early 2017, bitcoin's swing above $1,000 was short-lived.

Or maybe $1,500 will be the going rate for one bitcoin from now on.

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Emma Hinchliffe

Emma Hinchliffe is a business reporter at Mashable. Before joining Mashable, she covered business and metro news at the Houston Chronicle.

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