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Bitcoin Approaches $19,000 as True Believers Look to Record High

  • Largest cryptocurrency has surged about 15% so far this week
  • Bitcoin reached an all-time high of $19,511 in December 2017
Bloomberg business news
Bitcoin: What's Coming in the Year Ahead?

Bitcoin extended its eye-popping rally, approaching $19,000 for the first time in almost three years, while enthusiasts predict it will quickly surpass its all-time high.

The largest cryptocurrency gained as much as $875, or 4.9%, to $18,821 on Friday. Bitcoin has jumped more than 15% this week. Having more than doubled this year, the surge is spurring memories of its 1,375% rally in 2017 that took it close to $20,000. It plunged 70% the following year.