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$7,900: Bitcoin's Price Extends Gains to Hit 9-Month High
Bitcoin (BTC) extended its recent gains today, jumping 16 percent to its highest price since July 31, 2018.
Yazan Sam Ouimet
The price of bitcoin surpassed $7,900 today, jumping 16 percent in the process to reach a high not seen in more than nine months.
Bitcoin , with a market capitalization that now accounts for 59.8 percent of the total cryptocurrency market, jumped 16 percent from its opening price of $6,800 to reach $7,889 at 15:10 UTC – its highest price since July 31, 2018, according to CoinDesk’s price data. The data further shows that a high of $7,946.01 has been reached during Monday trading.
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Now trading a $7,805.10, current figures represent a more than 37 percent increase in the past 7-days alone.
Since hitting a 2018 price low of $3,112 on December 15, 2018, with a market cap of $56 billion at the time, bitcoin’s price has since rallied nearly 150 percent and currently records a market cap of $136 billion, according to CoinMarketCap.
As usual when the market leader pics up a strong bid, the USD value of most other cryptocurrencies follows suit.
All of the top 20 cryptocurrencies by market cap are recording gains today, the top three performers of which include Binance Coin , BitcoinCash (BCH), and Dash which reported 24-hour gains of 13.8, 12.6, and 12.6 percent, respectively, at time of writing.
Disclosure: The author holds several cryptocurrencies. Please see his author bio for more information.
Balloon image via Shutterstock
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- 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.
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LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
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- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
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