Bitcoin price surges to reach new year-to-date high

Bitcoin today spiked nearly 7 percent, touching the $9,700 per coin price point for the first time in several months.

By Decrypt Staff

Feb 5, 2020

2 min read

Looking at the price of Bitcoin. Image: Shutterstock

The price of BitcoinBitcoin (BTC) today reached the $9,700 per coin mark to hit its highest price since late September.

BTC

+4.48%$108,321.57

24H7D1M1YMAX

Price data by

BTC price

The last time Bitcoin was trading for this price, it was coming down from a high of $10,000 per coin—which is where some analysts believe its currently headed.

EOD!! https://t.co/6MA5jcdzPU

— Mati Greenspan [tweets are not trading advice] (@MatiGreenspan) February 5, 2020

The entire crypto market is today showing bullish signs of renewed enthusiasm. At the moment, the total market capitalization for all cryptocurrencies has risen by roughly $20 billion over the last 24 hours. Ethereum, for instance, is now trading solidly above $200 per coin—its highest price in several months.

While it’s difficult to pinpoint where, exactly, this enthusiasm is coming from, the day’s been filled with announcement after announcement of big-money investors making it rain over cryptoland.

Ripple, the crypto startup behind the XRP cryptocurrency, inked a deal with one of the biggest remittance companies that serves the US-Mexico market. Payments giant Square, led by Twitter CEO (and Bitcoin bull) Jack Dorsey, chipped in on a $14 million raise for a new crypto settlement play. And Lightning Labs, a Bitcoin startup building payment solutions on the Lightning Network, announced that it raked in $10 million in investor funding from Silicon Valley fat cats.

Coincidence? Maybe. But, either way: This is good for crypto.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Recommended News

Bitcoin and Ethereum ETFs Add More Than $1 Billion Combined in a Single Day
Bitcoin and Ethereum exchange-traded funds on Thursday received over $1 billion in new investments, the highest combined inflows in five months, underscoring the accelerating appetite for crypto-focused products over the past two weeks. BlackRock's iShares Bitcoin Trust (IBIT) accounted for most of that total, generating $877 million in net inflows. That's the third-highest daily total for the fund, which has spearheaded the recent surge, according to data from U.K. asset manager Farside Investo...
NewsMarkets
3 min read
Mat Di SalvoMay 23, 2025
Create an account to save your articles.
Someone Launched a Solana Meme Coin From the Trump Crypto Dinner—It Flopped
An attendee of Thursday’s Trump crypto gala dinner launched a Solana meme coin via Pump.fun amid the president’s speech—posting evidence of the action in a Telegram group. The token failed to gain much traction, however, topping out at a market cap of $450,000 before it crashed and burned, with holders who apparently gambled on the token’s prospects labeling the deployer a “scammer” and calling for “jail time.” In a video posted in the meme coin’s Telegram group, the attendee can be seen recordi...
NewsMarkets
4 min read
Ryan S. GladwinMay 23, 2025
Create an account to save your articles.
Ethereum, XRP Drop as Altcoins Brace for New Trump Tariffs on EU, Apple
The price of various altcoins fell on Friday after U.S. President Donald Trump threatened to impose new tariffs on the European Union and Apple, the $3 trillion iPhone maker. Ethereum was recently changing hands around $2,550, a 4.1% decrease over the past day, according to crypto data provider CoinGecko. XRP and Dogecoin fell around 3.6% to $2.35 and $0.23, respectively, while Solana edged down 0.8% to $177. The EU, one of America’s largest trading partners, should face 50% tariffs on goods imp...
NewsMarkets
3 min read
André BeganskiMay 23, 2025
Create an account to save your articles.

Coin Prices