Bitcoin's price shoots past $15,000 for the first time since January 2018

The price of bitcoin has surpassed the $15,000 market for the first time since January 2018. 

The move continues the price run that started in early October. On Thursday, bitcoin reached a new high for 2020 above $14,000. 

At press time, bitcoin is trading hands on Coinbase at about $15,150 — representing a 24-hour increase of nearly 9 percent. 

Source: TradingView

November has seen notable price movements, continuing a ramp-up in activity seen as October drew to a close. Open interest in bitcoin options surged to an all-time high by the end of the month, and monthly trade volumes also hit a new peak of $5.8 billion.

October was a busy month as well for overall network use, according to data collected by The Block. New data indicates that adjusted on-chain volume for the Bitcoin network has continued to grow since that time.