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

Bitcoin • December 1, 2020, 6:09AM EST

UPDATED: December 1, 2020, 6:11AM EST

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.

About Author

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.