Bitcoin crosses $17,000, the highest price since January 2018

Bitcoin • November 17, 2020, 7:45AM EST
UPDATED: November 17, 2020, 7:53AM EST
The Block

Bitcoin has breached the $17,000 mark today, soaring to its highest price since January 8, 2018.

The surge to $17,000 occurred fast. Less than a week ago, on November 12, bitcoin was trading at around $16,000 levels. At the time of writing, the world's largest cryptocurrency trades at $17,037 on Coinbase, according to tracker TradingView.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Source: TradingView

Bitcoin futures are also growing in popularity. The aggregate open interest in bitcoin futures touched an all-time high at around $6.3 billion on Monday. Open interest is the value of outstanding derivative contracts that are yet to be settled.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

More by Yogita Khatri