Share this article
$7,900: Bitcoin's Price Extends Gains to Hit 9-Month High
Bitcoin (BTC) extended its recent gains today, jumping 16 percent to its highest price since July 31, 2018.
By Sam Ouimet
Updated Sep 14, 2021, 1:52 p.m. Published May 13, 2019, 4:16 p.m.
The price of surpassed $7,900 today, jumping 16 percent in the process to reach a high not seen in more than nine months.
, with a market capitalization that now accounts for 59.8 percent of the total cryptocurrency market, jumped 16 percent from its opening price of $6,800 to reach $7,889 at 15:10 UTC – its highest price since July 31, 2018, according to CoinDesk’s price data. The data further shows that a high of $7,946.01 has been reached during Monday trading.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Now trading a $7,805.10, current figures represent a more than 37 percent increase in the past 7-days alone.
Since hitting a 2018 price low of $3,112 on December 15, 2018, with a market cap of $56 billion at the time, bitcoin’s price has since rallied nearly 150 percent and currently records a market cap of $136 billion, according to CoinMarketCap.
Advertisement
As usual when the market leader pics up a strong bid, the USD value of most other cryptocurrencies follows suit.
All of the top 20 cryptocurrencies by market cap are recording gains today, the top three performers of which include , BitcoinCash (BCH), and which reported 24-hour gains of 13.8, 12.6, and 12.6 percent, respectively, at time of writing.
Disclosure: The author holds several cryptocurrencies. Please see his author bio for more information.
Balloon 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
