CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin Slices Through $17,000 as Market Cap Nears All-Time High

Bitcoin last traded above $17,000 on Jan. 7, 2018. 

Coinbase Goes Down as Bitcoin Nears $17K 

Coinbase has suffered a number of outages during busy trading periods this year including most recently on Oct. 27.

Gold Lags Far Behind Bitcoin as Vaccine Optimism Buoys Markets  

Bitcoin is outshining the precious metal by a significant margin as expectations soar of a swift global economic recovery enabled by promising coronavirus vaccines.

China's Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks

Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.