Bitcoin price sets new all-time highs above $30,000

Bitcoin • January 2, 2021, 7:33AM EST
UPDATED: January 2, 2021, 7:38AM EST
The Block

Bitcoin's price has jumped above $30,000 for the first time, setting new all-time highs.

The price of the world's largest cryptocurrency by market capitalization breaks above $30,000 around 12:15 UTC on January 2.

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It has increased by 3.4% over the past 24 hours and is changing hands at about $30,300 as of press time. 

The price jump pushes bitcoin's market capitalization to $557 billion, according to data from CoinGecko.

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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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