• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Despite being a multimillionaire, Suze Orman still cooks at home whenever possible—and says eating out is one of the biggest wastes of money

2

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

3

Widow of airman killed in Mideast was told hazard pay and combat-related tax breaks wouldn't apply because 'we were not at war.' A viral post fixed it

1

Despite being a multimillionaire, Suze Orman still cooks at home whenever possible—and says eating out is one of the biggest wastes of money

2

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

3

Widow of airman killed in Mideast was told hazard pay and combat-related tax breaks wouldn't apply because 'we were not at war.' A viral post fixed it
FinanceBitcoin

Bitcoin is up 30% in October—and within striking range of its all-time high

By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
October 11, 2021, 1:15 PM ET
Google source logo
Add Fortune on Google for similar content.

Bitcoin’s ongoing rally is showing no signs of losing steam.

The cryptocurrency was up another 4% in midday trading Monday and has posted gains of more than 30% so far in October. And with those gains, Bitcoin is quietly sneaking up on its all-time high of $64,888.99.

Of course, in the normal world of finance, a $7,000-plus leap would seem a sizable one. (About the only investment where it wouldn’t raise eyebrows would be Berkshire Hathaway, which is up $13,433 so far this month.) For Bitcoin, though, big spikes and big tumbles are frequent occurrences.

Bitcoin, as of 12:15 p.m. ET on Monday, stood at $57,630, according to CoinDesk. That puts it 12.5% away from its all-time high. In the past week alone, Bitcoin has jumped 18%.

The steady rise in Bitcoin prices of late have come amid hopes that a Bitcoin futures ETF will soon be approved by the Securities and Exchange Commission. 21Shares is working with Cathie Woods’ ARK Invest to launch one, with several other applications pending as well.

The SEC also recently said it did not intend to ban cryptocurrencies, following China’s crackdown on digital currencies. SEC Chairman Gary Gensler did note, however, that “this is not going to end well if it stays outside of the regulatory space.”

Year to date, Bitcoin is up 97%. (The Dow Jones industrial average is up 15% and the S&P 500 is up 19% in that time.) It currently has a market cap of $1.08 trillion. Only four companies have market caps exceeding that: Apple, Microsoft, Google, and Amazon.

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in Finance


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Finance


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.