Share this article
Bitcoin Price Surges to Within $30 of All-Time High
The price of bitcoin has surged overnight, climbing to within $30 of its 2013 record high.
Updated Sep 14, 2021, 1:58 p.m. Published Feb 23, 2017, 9:23 a.m.
The price of bitcoin has surged overnight, closing in on its all-time high set back in 2013.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Immediately prior to reporting, global average prices had reached a high for the session of around $1,137, according to the CoinDesk Bitcoin Price Index. Notably, that figure is less than $30 below the maximum ever value of $1,165.89 set on 30th November, 2013.
The latest increase comes soon after bitcoin's longest ever period at over $1,000, and a notable period of volatility in recent months.
The highs also reflect confidence by traders and investors in an industry that has been somewhat rocked by moves by the Chinese central bank to restrict the actions of the country's bitcoin exchanges, causing a number of them to temporarily freeze withdrawals of the cryptocurrency in recent weeks.
Also lurking in the background, and possibly having an influence on price, is the imminent SEC decision on the Winklevoss brothers' bitcoin ETF – an event some experts have told CoinDesk that traders are already 'pricing in' a potential approval.
The 11th March ruling could see the approval of the first bitcoin ETF in the US market, opening the digital currency to a wider audience of investors. However, many in the industry do not see a high likelihood of approval by the financial regulator.
For more historical data and charts, visit the CoinDesk BPI here.
Trading chart via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
IMF Flags Stablecoins as Source of Risk to Emerging Markets, Experts Say We Aren't There Yet
The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
What to know:
- The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
- Despite concerns, experts argue that the stablecoin market is still too small to have a significant macroeconomic impact.
- Stablecoins are primarily used for crypto trading, and their market size remains small compared to global currency flows.
Top Stories
