Bitcoin's price just hit a new all-time high on Coinbase

Bitcoin's price has broken its all-time high after reaching $19,900.

According to data from Coinbase Pro, the price of the world's first and largest cryptocurrency by market capitalization has jumped by over 7% within 24 hours. 

That price level surpassed the previous all-time-high record on Coinbase Pro of $19,891.99, which was last seen almost three years ago in December 2017.

The new all-time-high comes after a period of sustained price growth since September, when bitcoin's price was trading between $10,000 and $11,000. 

Meanwhile, bitcoin's total market capitalization is nearing $370 billion, accounting for 61.4% of that of all cryptocurrencies, according to data from CoinGecko.

On November 17, bitcoin's market capitalization exceeded the previous all-time-high record of $328.89 billion for the first time since December 16, 2017.

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Wolfie joined The Block’s news team in 2020 and switched to the research side in 2021 to focus on crypto mining analysis. Prior to The Block, he had been a journalist at CoinDesk for three years. Wolfie has a background in financial journalism.