Bitcoin has breached $17,000 for the first time in the last three years.
The flagship cryptocurrency hit $17,100 ahead of the New York opening bell Tuesday, forming another upward leg in a rally that has already ballooned by 58 percent in the fourth quarter. Meanwhile, its market cap closed towards $315 billion, just $20 billion away from its all-time high established in December 2017.
Since March 2020, when its price crashed to the yearly low of $3,858 amid a global market rout, Bitcoin has surged by more than 350 percent. On a year-to-date timeframe, it is up 136 percent.