Bitcoin ticks higher following pullback from record – MarketWatch

The price of bitcoin rose Wednesday, following a brief dip below the $4,000 mark, in an apparent run at another record high.

Bitcoin BTCUSD, +4.87% touched an all-time high of $4,483.55 on Tuesday, following a record close at $4,382.74 on Monday, according to Coindesk. Following a slight pullback, the price of bitcoin was last up 2.6% at $4,315.41, after touching an intraday high of $4,410.98. For its part, the greenback, as gauged by the U.S. dollar index DXY, -0.37% , declined 0.3% to 93.57.

The cryptocurrency has been on a streak of setting records lately. Having first broken the $1,000 barrier in November 2013, bitcoin took until May of this year to break the $2,000 barrier, with $3,000 surpassed in June and then $4,000 this past Sunday.

On Tuesday, blockchain technology company Blockstream said it is using leased satellites to transmit access to the blockchain, which accounts for all transactions and maintains cryptocurrency integrity, to two-thirds of the worlds landmass and expects global coverage by the end of the year.

At a $71.06 billion market cap, bitcoin is in the same neighborhood as such S&P 500 index SPX, +0.14% companies such as Costco Wholesale Corp. COST, +2.16% , DuPont DD, +0.53% , and Netflix Inc. NFLX, +0.88% .

Ether, the cryptocurrency running on the Etherium network, was up 3.9% at $301.20 , off its high of $388.49 set on June 15.

Read: Opinion: How you can make easy money from the bitcoin bubble

The total market capitalization for all cryptocurrencies currently stands at $140.48 billion, according to Coinmarketcap.com, just under the market cap of Boeing Co. BA, -0.66% ,and slightly more valuable than International Business Machines Corp. IBM, +0.30%

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Bitcoin ticks higher following pullback from record - MarketWatch