The largest cryptocurrency by market cap continued its upward spiral
Bitcoin’s price today hit highs of $13,329, according to metrics site CoinMarketCap. That’s Bitcoin’s highest price since last summer.
![Bitcoin Price Chart (Image: NikonD300/MaxPixel)](https://i1.wp.com/bitcoin-investors.co.uk/wp-content/uploads/2017/11/2665932_Bitcoin_Chart_NikonD300-MaxPixel.jpg?resize=474%2C315&ssl=1)
Here’s the play-by-play: At 3:30 am UTC, Bitcoin’s price rose from $13,133 to hights of $13,329. The high lasted just two hours: at 5:44 am, Bitcoin’s price sunk like a stone to $12,996. Its current price is $12,961.
The last time Bitcoin’s price was this high was on June 26, 2019. Then, it peaked, ever so briefly, at $13,793, according to CoinMarketCap data.
Bitcoin maximalists’ victory today follows a particularly strong month for the largest cryptocurrency by market cap.
On October 6, Bitcoin’s price was around $10,600. But the price increased sharply this month to its peak today of $13,329. That’s an increase of about 25%.
Bitcoin’s price has thus more than tripled since that fateful day in the middle of March, when it momentarily crashed to just below $4,000 amid the market uncertainty caused by the coronavirus pandemic.
Read more: Decrypt