Bitcoin rocketed above $19,000 for the first time on Thursday before falling sharply from its record high.
In trading on the Coinbase exchange, the digital currency hit a high of $19,340 before falling more than 20 percent from that level to $15,198.63. At 4:08 p.m. New York time, the cryptocurrency traded at $16,362.99. The price on Coinbase is often at a premium over other exchanges. Coinbase is one of the major cryptocurrency exchanges accounting for a third of bitcoin trading volume.
Bitcoin 1-day chart