Bitcoin • December 16, 2020, 4:56PM EST
UPDATED: December 16, 2020, 4:58PM EST

Bitcoin's price pops above $21,000 to hit another record high

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The Block

Bitcoin's price continued its elevated market action Wednesday with a push above $21,000.

Per TradingView, the cryptocurrency's price hit a high of $21,170 on Coinbase. At time of writing, bitcoin is trading hands at $21,260.22.

Wednesday saw a range reports focused on institutional-level market participants, including confirmation of UK investment firm Ruffer's exposure to Bitcoin and a report that billionaire hedge funder Alan Howard is backing a new crypto-focused fund.