Share this article
Bitcoin is Now Trading at its Highest Price Since 2014
The price of bitcoin is now trading at a 34-month high, data from the CoinDesk Bitcoin Price Index reveals.
Updated Sep 14, 2021, 1:58 p.m. Published Dec 13, 2016, 2:35 a.m.
The price of bitcoin hit two major milestones today, reaching a new 2016 high and rising to its most elevated level since February 2014.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
At press time, bitcoin's price rose to a high of $788.49, CoinDesk USD Bitcoin Price Index (BPI) figures reveal, the highest price observed in 34 months.
The figure not only surpassed the previous 2016 high of $781.31, but also represented bitcoin’s most elevated value since this summer, when expectations were high about the digital currency's upcoming decline in rewards.
Advertisement
However, with today's movements, bitcoin has finally broken through after weeks of flirting with its previous annual high. The digital currency neared $781 several times this month, but up until now, has been unable to surpass it.
Bitcoin prices came within roughly $2 of this previous high yesterday, and then broke through it at 01:45 UTC today, BPI figures reveal. After surpassing this level, the digital currency generated additional gains.
Now that bitcoin prices has surpassed the previous high of $781.31, this price could become a new support level for the digital currency.
Whether this support materializes or not, bitcoin prices have generated very strong returns so far this year, rising more than 80% from roughly $430 to more than $780.
This piece is not intended to provide, and should not be taken as, investment advice.
Flying bird image via Shutterstock
More For You
Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
