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Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Bitcoin Surges Past $12,000 to New 2020 High

This is the second time the bitcoin price has soared past the $12,000 milestone in 2020 – it still has a way to go before it closes in on the 2019 record.

Aug 17, 2020 at 5:29 p.m. UTC
Updated Sep 14, 2021 at 9:44 a.m. UTC

Bitcoin has risen above $12,000, exactly a week after it temporarily spiked past the key milestone.

  • CoinDesk data shows bitcoin shot up at about 13:30 UTC, initially to $12,100, before jumping up again to just over $12,400 by 16:00 UTC, a 4.74% rise on the day.
  • While bitcoin is now at a new 2020 high, it still has some way to go before it beats last year's high of $13,800 and is still further off from the all-time high of just under $20,000 set in December 2017.

The bitcoin price surged to $12,000 this afternoon.

  • Following three months of ultra-low volatility, bitcoin shot up at from roughly $9,100 to over $11,000 in late July, before briefly spiking past $12,000 on Aug. 10.
  • Bitcoin had been continuously flirting with that milestone over the past seven days, coming as close as $11,990 late on Aug. 14.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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