Bitcoin Blasts Past $34K for First Time, Hours After Blowing Through $30K
On Nov. 30, bitcoin breached a nearly three-year high of $19,793. Since then the cryptocurrency has gained more than $11,000.
Bitcoin's price is now more than twice the all-time high of $19,783 reached during 2017's bull market run.
The price of bitcoin soared to a new-all time high of $37,014.58, before settling back to $36,780.78, up 6.40% over the last 24 hours.
Ether has outpaced bitcoin on a year-to-date basis.
Bitcoin bulls pushed the leading crypto to fresh all-time highs above $35,000 Tuesday night.
Following a torrid December in which the price of bitcoin rose $10,000, three days into the new year it's up another $5,000.