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Bitcoin Breaks $19K, New All-Time High Seems Imminent
Bitcoin, the world's No. 1 cryptocurrency by market capitalization, has breached the $19,000 level.
By Muyao Shen
Updated Sep 14, 2021, 10:34 a.m. Published Nov 24, 2020, 9:55 a.m.
Bitcoin passed above $19,000 on Tuesday, after rallying $7,000 in one month. The leading cryptocurrency is now within sight of its all-time high of $19,783 reached on Dec. 17, 2017.
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- The price of bitcoin was $19,001 at press time, representing a 2% gain in the past 24 hours, according to the CoinDesk 20 index.
- This took place after bitcoin's price broke the $17,000 and then $18,000 levels within the same week.
- On Friday, Rick Rieder, chief investment officer at BlackRock, the world's largest asset manager, said on CNBC bitcoin could take the place of gold to a large extent because crypto is "so much more functional than passing a bar of gold around."
- The market capitalization of bitcoin also hit its all-time high this week at about $329 billion, according to data provided by crypto analytic firm CryptoQuant.
- Guy Hirsch, managing director for US at eToro, said 2020's bull market "debunks" the idea that bitcoin is a "tulip bubble" because "tulips never had a second wave of buying the same way bitcoin has."
- With retail on-ramp platforms including PayPal and CashApp being more prevalent in 2020 than 2017, bitcoin's price could break $20,000 "in the not-too-distant" future, Hirsch added, predicting retail investors will kick in the market and propel the price.
- All but two of the other coins from the CoinDesk 20, including ether and XRP, have also been in green in the past 24 hours.
- With more institutional investors entering the bitcoin market as well as miners not liquidating their positions, "it appears likely that price will continue to rise," according to a recent newsletter from CryptoQuant.
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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.
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XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
What to know:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
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