Bitcoin crosses $17,000, the highest price since January 2018
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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.
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.
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Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.
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