Bitcoin's price just hit a new all-time high on Coinbase
December 1, 2020, 6:09AM EST
1 min read
Bitcoin's price has broken its all-time high after reaching $19,900.
According to data from Coinbase Pro, the price of the world's first and largest cryptocurrency by market capitalization has jumped by over 7% within 24 hours.
That price level surpassed the previous all-time-high record on Coinbase Pro of $19,891.99, which was last seen almost three years ago in December 2017.
The new all-time-high comes after a period of sustained price growth since September, when bitcoin's price was trading between $10,000 and $11,000.
Meanwhile, bitcoin's total market capitalization is nearing $370 billion, accounting for 61.4% of that of all cryptocurrencies, according to data from CoinGecko.
On November 17, bitcoin's market capitalization
exceeded the previous all-time-high record of $328.89 billion for the first time since December 16, 2017.