Bitcoin reaches 1-month high as crypto markets rally

Bitcoin prices have been rising lately, hitting their highest in roughly one month earlier today. As the Forbes magazine reports, the cryptocurrency reached this level as the broader digital currency markets enjoyed gains.

The price of Bitcoin rose to $7,389.26 at 12:00 UTC (8:00 a.m. EST), according to the CoinDesk Bitcoin Price Index (BPI).

At this point, the digital currency had risen 2.2% in the space of 24 hours and attained its highest price since roughly the same time on August 4, additional BPI figures show.