Bitcoin’s price shoots past $15,000 for the first time since January 2018
The price of bitcoin has surpassed the $15,000 market for the first time since January 2018.
The move continues the price run that started in early October. On Thursday, bitcoin reached a new high for 2020 above $14,000.
At press time, bitcoin is trading hands on Coinbase at about $15,150 — representing a 24-hour increase of nearly 9 percent.
Source: TradingView
November has seen notable price movements, continuing a ramp-up in activity seen as October drew to a close. Open interest in bitcoin options surged to an all-time high by the end of the month, and monthly trade volumes also hit a new peak of $5.8 billion.
October was a busy month as well for overall network use, according to data collected by The Block. New data indicates that adjusted on-chain volume for the Bitcoin network has continued to grow since that time.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney