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

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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.

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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