Bitcoin crosses $17,000, the highest price since January 2018

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.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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