Bitcoin breaks above $25,000 to set new record highs

Bitcoin • December 26, 2020, 9:19AM EST
The Block

Bitcoin has jumped above $25,000 for the first time, setting new price all-time highs.

Data from Coinbase shows the price of the world's largest cryptocurrency by market capitalization has increased by more than 2% over the past 24 hours to break above $25,000.

It's changing hands at $25,241 as of press time. 

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Source: TradingView

Meanwhile, bitcoin's market capitalization is now above $467 billion, according to data from CoinGecko.

In early trading hours on December 26 UTC time, bitcoin's price briefly touched the exact level of $25,000 for a few times on Coinbase but was quickly rejected.

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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.

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