Bitcoin hits new high above $19,900 as Ethereum reaches $636

Bitcoin hit an all-time high again. The price reached $19,918 on Bitstamp.

The rise of digital gold over the last 24 hours stood at 6.6%, and the cryptocurrency’s market capitalization reached $367 billion (according to CoinGecko).

Four-hour BTC/USD chart on Bitstamp from TradingView.

A new all-time high was also recorded on Kraken.

It’s starting. Bitstamp and Kraken just hit all-time highs https://t.co/gdPh1WfOef

— Larry Cermak (@lawmaster) November 30, 2020

The number of profitable Bitcoin addresses also rose along with the price.

📈 #Bitcoin $BTC Addresses in Profit (1d MA) just reached an ATH of 32,434,073.667

Previous ATH of 32,421,588.417 was observed on 25 November 2020

View metric:https://t.co/xFJVXsDe7d pic.twitter.com/LAtlowQMpl

— glassnode alerts (@glassnodealerts) December 1, 2020

Update: Bitcoin’s price briefly dipped below $19,000, then bounced.

Fifteen-minute BTC/USD chart on Bitstamp from TradingView.

The second-largest cryptocurrency, Ethereum, also updated a local high at $636.58 (Bitstamp).

Four-hour ETH/USD chart on Bitstamp from TradingView.

ETH is now trading around mid-2018 levels. To retest Ethereum’s all-time high, it would need to rise by more than a factor of two.

A fundamental driver for ETH could be investors’ positive expectations ahead of the expected today launch of Ethereum 2.0.

Launch of Ethereum 2.0 Phase Zero: what will happen and what users should expect

Additionally, on November 30 the first cryptocurrency surpassed price levels on several exchanges that had been unattainable for years.

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