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Bitcoin Price Passes $750 as it Nears Five-Month High
The price of bitcoin is now trading above $750, its highest total in nearly five months.
By Pete Rizzo
Updated Sep 14, 2021, 1:58 p.m. Published Nov 18, 2016, 1:25 p.m.
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The price of bitcoin is now trading above $750, its highest total in just under five months.
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At press time, bitcoin prices were up 2% on the day's trading, and up $50 since the start of Monday's trading at 0:00 UTC.
Propelled by a sharp uptick earlier this week (in which the price spiked $30 in just one hour), the price of bitcoin is now nearing the 2016 highs it set in early June. According to data from the CoinDesk Bitcoin Price Index (BPI), bitcoin is now trading at its highest mark since 20th June, when anticipation for bitcoin's decline in mining rewards was arguably at its peak.
In this case, however, the uptick may not be attributable to just one factor.
Bitcoin has been enjoying continually bullish sentiment among avid traders in past months, and there are increasing signs that its recent gains may have been sparked by exterior market forces.
For example, India has recently seen a ban on certain denominations of banknotes, a development that local bitcoin startups claim has bolstered business, though websites with public data (such as LocalBitcoins) indicate the effects are perhaps less clear.
At press time, the price of 1 BTC on India-based exchange Unocoin was 61,688 India rupees, or more than $900, a figure that boosts claims of strong local demand.
Other factors boosting the price could be the devaluation of China's yuan, which has suffered daily declines this week.
Also a possibility is a general warming sentiment about key technical improvements to the network, with code that could scale the bitcoin blockchain expected to roll out before the end of the year, potentially muting long-held concerns about transaction capacity.
Man blowing up balloon image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
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