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In a bullish start to 2021 for crypto believers, Bitcoin just hit a new all-time high. It’s now trading north of $30,000.
Bitcoin Breaks the $30,000 Barrier
Bitcoin just broke another record high. The leading cryptocurrency is currently trading at $30,657 at the time of writing.
It’s the latest parabolic run Bitcoin has made in recent weeks. Last month, it memorably broke its long-awaited $20,000 milestone after much speculation (BTC’s previous all-time high was around $19,500, recorded way back in December 2017).
In the last 16 days, the asset has increased in price by more than 50%.
The crypto markets saw a particularly bullish frenzy over the Christmas period—in the last week, Bitcoin hit a new high of $25,000, while ETH broke $700 for the first time in two years.
But today’s move is another sign that Bitcoin is leading the charge.
Members of the cryptocurrency community celebrated the milestone on Twitter today.
When price dropped into the 3000s in March, many declared Bitcoin “dead” and pronounced the Bitcoin store of value narrative to be firmly disproven.
Now we have ANOTHER ZERO behind that “3000.”
Who’s dead now?
— The Wolf Of All Streets (@scottmelker) January 2, 2021
$30K Hit! We were here for it. LAUNCH ZE MEMES.
— Autism Capital 🧩 (@AutismCapital) January 2, 2021
Bitcoin’s market cap is now $563 billion. This week it overtook Warren Buffett’s Berkshire Hathaway, according to AssetDash. It’s now the world’s tenth biggest asset in market cap, behind giants like Facebook, Apple, and Tesla.
Disclosure: At the time of publication, the author of this feature owned ETH, among a number of other cryptocurrencies.
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