The ethereum and bitcoin prices continued to climb on Thursday, even as a slight dip in the altcoin markets pulled many coins into decline. The bitcoin price rose toward the $4,200 mark–even passing it temporarily–while the ethereum price closed in on the $300 threshold. Altogether, the total crypto market cap added about $3 billion for the day, bringing it a few steps closer to the all-time high it set earlier this month.
bitcoin price
Chart from CoinMarketCap
The total cryptocurrency market cap entered Wednesday afternoon just above the $140 billion mark. It steadily climbed throughout the remainder of the day and into Thursday morning, eventually peaking at $147.3 billion at 9:00 UTC. This was the highest the market has extended since September 12. However, the market began a sharp decline shortly after reaching this peak, shedding more than $3 billion before settling down to a present value of $143.6 billion.