Bitcoin price breaks above $16,000 for the first time in 3 years. The world’s top cryptocurrency by market capitalization clocked a high of $16,157 at 10:12 UTC, a price point last seen on Jan. 6, 2018, reported Coindesk.
Just a few days after Bitcoin hit above $14,000, a new break has happened again. At the time of publishing this post, the price was $16,240.70.
Bitcoin is now up 123% on a year-to-date basis and has gained nearly 50% so far this quarter, according to CoinDesk 20 data.
U.S. billionaire investor Stanley Druckenmiller disclosed on Monday a bitcoin position and said bitcoin will outperform gold in the long run. Analysts also told CoinDesk the bitcoin price may consolidate for a short period before moving toward $20,000 in December.
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