Share this article
Bitcoin Tops $37K, Setting Record, Hours After Roaring Past $36K
The price of bitcoin soared to a new-all time high of $37,014.58, before settling back to $36,780.78, up 6.40% over the last 24 hours.
Updated Sep 14, 2021, 10:52 a.m. Published Jan 6, 2021, 9:04 p.m.
The incredible ride that has been the price of bitcoin this year hit back-to-back milestones Wednesday as the leading cryptocurrency blasted past $36,000 for the first time ever, then a little over three hours later briefly crossed $37,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The price of bitcoin soared to a new-all time high of $37,014.58, before settling back to $36,780.78, up 6.40% over the last 24 hours.
- It continues a wild start to 2021 and follows a landmark year in which the cryptocurrency rose more than 300%, with an almost 50% gain in December alone. On Nov. 30, bitcoin breached a nearly three-year-old high of $19,793. By the close of Dec. 31, the cryptocurrency had risen about $10,000.
- Five days into 2021, it's up 25.1%, more than $7,000.
- The prevailing narrative of this record-setting run is a growing view that bitcoin represents a form of "digital gold," a view that has brought a flood of institutional investors into the cryptocurrency.
- Today's record, however, may have more to do with the storming of the U.S. Capitol by President Donald Trump's supporters believing the election was rigged and upset by the certification process that was underway, than with any inflation hedge.
- Global macro uncertainty has the potential to devalue fiat currencies, which in turn could potentially increase the attractiveness of bitcoin. A disputed election followed by protestors breaking into the Capitol with at least one person being shot would seem to fall under the category of "uncertainty."
- With a market value now of $683.1 billion, bitcoin is more valuable than all but eight publicly traded companies, sitting between Tencent at $692.7 billion and Alibaba at $589.4 billion.
- The market's supply of dollar-pegged stablecoins is keeping pace with bitcoin's meteoric rise. Since New Year's Eve, the supply of tether has growth by over 10%, reaching 22.1 billion USDT at least check. Total supply of the runner-up stablecoin, Circle's USDC, has also grown by double digit percentages so far in January, currently sitting at 4.3 billion USDC, according to Glassnode.
UPDATE (Jan. 5, 20:23 UTC): Adds possible reason for bitcoin rally.
UPDATE (Jan. 6, 00:05 UTC): Adds that bitcoin hit $37,000.
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
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
