Bitcoin sets new all-time highs above $30,000

Bitcoin's price has jumped above $30,000 for the first time, setting new all-time highs.

The world's largest cryptocurrency price by market capitalization breaks above $30,000 around 12:15 UTC on January 2.

It has increased by 3.4% over the past 24 hours and is changing hands at about $30,300 as of press time.

The price jump pushes bitcoin's market capitalization to $557 billion, according to data from CoinGecko.