Share this article
$14K: Bitcoin Briefly Hits Highest Level Since January 2018
Bitcoin has carved out a 33-month high, showing resilience amid growing instability in the traditional markets.
Updated Sep 14, 2021, 10:25 a.m. Published Oct 31, 2020, 10:09 a.m.
Bitcoin has soared to a 33-month high above $14,000, showing resilience amid growing instability in the traditional markets.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The top cryptocurrency by market value reached $14,047 around 10:05 UTC on Saturday – the highest level since January 2018, according to CoinDesk's Bitcoin Price Index.
- Earlier this week, bitcoin narrowly missed breaching the June 2019 high of $13,880 and faced selling pressure as global stock markets registered sharp losses as concerns over the resurgent coronavirus spiked.
- However, the downside was restricted to above $13,000 even as classic haven assets like gold fell to one-month lows near $1,860 amid the dollar strength.
- Stocks have just seen both their worst week and month since March.
- Bitcoin's defense of $13,000 and a quick rise to 33-month highs is perhaps not surprising.
- Market sentiment has been buoyed by several public companies' recent disclosures of bitcoin treasury investments.
- "Bitcoin currently has a very strong underlying bid from institutions," trader and analyst Nick Cote told CoinDesk.
- If the cryptocurrency manages to establish a foothold above the June 2019 high of $13,880, the focus would shift to the daily chart resistance range at $15,800–$16,000.
- At press time, bitcoin had dropped back to $13,993, but is still up over 25% for October, the biggest monthly rise since April.
Also read: Bitcoin Traders Can Now Bet on $40K Price With New Deribit Options
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
Galaxy Digital’s head of research explains why bitcoin’s outlook is so uncertain in 2026
Galaxy Digital’s Alex Thorn says options markets, falling volatility and macro risks make next year hard to forecast even as the firm keeps a bullish long-term view.
What to know:
- Galaxy Research, the research arm of Galaxy Digital (GLXY), says overlapping macroeconomic and market risks make bitcoin unusually difficult to forecast in 2026.
- The firm says that options pricing and volatility trends indicate that bitcoin is maturing into a more macro-like asset, rather than a high-growth trade.
- Galaxy maintains a long-term bullish outlook, projecting that bitcoin could reach $250,000 by the end of 2027.
Top Stories
