Bitcoin Reaches Record High for the First Time Since January 2018

Hitting a market cap of over $315 billion USD.

By
Tech
11,959 Hypes 5 Comments

Shortly after soaring past the $15,000 USD mark in light of the U.S. presidential election, Bitcoin continues to surge, now rising past the $17,000 USD point to reach a record high for the first time since January of 2018.

Market cap is now at $315 billion USD, just shy of its previous $335 billion USD record. The cryptocurrency rallied from a rough beginning of 2020, falling as low as $4,000 USD to come back now at more than $17,900 USD at the time of writing, rebounding by 330 percent. Analysts project that Bitcoin will be on track to break its all-time high of $20,000 USD, which it achieved almost three years ago.

According to Bybit’s CEO and co-founder Ben Zhou, the recent surge largely mirrors Bitcoin’s trajectory back in 2017 when it reached its current all-time high. “We may well see minimal resistance until the bitcoin price approaches its all-time high,” he remarks in a statement to CoinDesk.

Elsewhere in financial news, Airbnb has finally filed to go public following a profitable third quarter.

Read Full Article

What to Read Next

Watch the Latest Trailer for 'Justice League: The Snyder Cut'
Entertainment

Watch the Latest Trailer for 'Justice League: The Snyder Cut'

Scored by Leonard Cohen’s “Hallelujah.”

'Cyberpunk 2077's Stunning New Gameplay Footage Revealed
Gaming

'Cyberpunk 2077's Stunning New Gameplay Footage Revealed

Night City is a sight to behold.

UNO Is Getting Its Own Game Show
Entertainment

UNO Is Getting Its Own Game Show

With help from ‘The Price is Right’ producer John Quinn.


RMR Reimagines Drake's "Laugh Now Cry Later" for "That Was Therapeutic"
Music

RMR Reimagines Drake's "Laugh Now Cry Later" for "That Was Therapeutic"

Amber Rose makes a special appearance in the music video.

Future and Lil Uzi Vert Add Six New Tracks to 'Pluto x Baby Pluto (Deluxe)'
Music

Future and Lil Uzi Vert Add Six New Tracks to 'Pluto x Baby Pluto (Deluxe)'

The album is forecasted to open at No. 1 on the Billboard 200.

This Usher Air Jordan 3 Sample Is Limited to A Mere 10 Pairs
Footwear

This Usher Air Jordan 3 Sample Is Limited to A Mere 10 Pairs

The golden sneaker was originally crafted for the superstar singer in 2014.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.