Bitcoin's Price Breaks Past $24,000 To Set New All-Time High

The new all-time high is $24,085.

1 min read

Dec 19, 2020

The price of Bitcoin hit a new all-time high of $24,085 today, capping a blockbuster week in the crypto markets.

Though the asset has settled back down to around $23,700, Bitcoin is still up 5% today and nearly 30% for the week.

Bitcoin, by far the largest cryptocurrency by market cap, has been maintaining momentum since October, but things accelerated significantly on Thursday when it rose by around $20,000 to $23,000 overnight.

This gave a boost to altcoins, and Litecoin in particular; the Bitcoin alternative has shot up over 50% this week.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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