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Fortune
Fortune
Ben Weiss

Bitcoin briefly rockets past $30,000 as world’s largest cryptocurrency plateaus near year-highs

A picture of Bitcoins stacked on top of each other. (Credit: Illustration by Fortune)

The largest cryptocurrency by market capitalization briefly shot past $30,000 Tuesday evening, a sudden moment of volatility for Bitcoin in a month of comparative steadiness.

The token reached a high of $30,177 at about 5 p.m. ET before quickly falling to just above $29,800. The cryptocurrency is now trading at a similar mark after briefly jumping to $30,043. In the past week, Bitcoin is up almost 2%.

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