Why Bitcoin price has not hit a new all-time high

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Why Bitcoin price has not hit a new all-time high — Just yet

Published Nov 30, 2020 03:31PM ET Updated Dec 01, 2020 05:40PM ET

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Why Bitcoin price has not hit a new all-time high — Just yet

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The price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, it has not just yet.

On Coinbase, the price of Bitcoin hit its peak at $19,891 in December 2017. The all-time high price on Coinbase is particularly important because it has consistently remained as the top U.S. exchange for the past several years.

BTC/USD monthly chart at Coinbase. Source: TradingView

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US 30	33,158.5	+65.2	+0.20%
US 500	4,229.2	+23.7	+0.56%
Dow Jones	33,093.34	+328.69	+1.00%
S&P 500	4,205.45	+54.17	+1.30%
Nasdaq	12,975.69	+277.59	+2.19%
S&P 500 VIX	17.08	-0.38	-2.18%
Dollar Index	103.953	-0.183	-0.18%

Crude Oil WTI	71.77	-0.90	-1.24%
Brent Oil	75.97	-1.13	-1.47%
Natural Gas	2.351	-0.066	-2.73%
Gold	1,972.85	+9.75	+0.50%
Silver	23.358	-0.002	-0.01%
Copper	3.6688	-0.0132	-0.36%
US Soybeans	1,325.50	-10.50	-0.79%

U.S. 10Y	3.729	-0.087	-2.26%
U.S. 30Y	3.898	-0.088	-2.22%
U.S. 5Y	3.862	-0.088	-2.22%
U.S. 3M	5.395	+0.073	+1.37%
US 10Y T-Note	112.92	+0.52	+0.46%
Euro Bund	134.60	+1.26	+0.94%
10-2 Yield Spread	-76.02	-4.43	6.19%

Apple	175.43	+2.44	+1.41%
Alphabet A	124.61	+1.13	+0.92%
Tesla	193.17	+8.70	+4.72%
Amazon.com	120.11	+5.11	+4.44%
Netflix	378.88	+19.88	+5.54%
Meta Platforms	262.04	+9.35	+3.70%
Bank of America	28.31	+0.14	+0.50%

Why Bitcoin price has not hit a new all-time high — Just yet

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