Historically, when bitcoin breaks an all-time high, prices tend to rally for the next few days: In 2020, it rose to $24,200 from $20,000 in a 48-hour period. It didn’t drop below $20,000 again until June 2022, in the midst of a bear market. In March 2017, bitcoin hit a high of $1,350 before dropping to $897 over the following two weeks. Then it started a run to an eventual high of $20,000. Source
In a monumental milestone for the world’s leading cryptocurrency, the Bitcoin price has skyrocketed to an unprecedented all-time high (ATH), surpassing the remarkable threshold of $69,000. Bitcoin Price Breaks Records The recent approval of spot Bitcoin exchange-traded funds (ETFs) on January 10 was a significant catalyst behind this surge. The market reacted with great excitement as the long-awaited decision by the US Securities and Exchange Commission (SEC) paved the way for greater accessibility and legitimacy of Bitcoin investments. Throughout 2023, the Bitcoin price exhibited a notable uptrend, starting from its…
On March 5, 2024, at 10:03 a.m. (ET), bitcoin’s value eclipsed its previous lifetime peak against the U.S. dollar, ascending beyond the $69,000 threshold on Tuesday. This breakthrough in valuation marks a new all-time high (ATH), occurring 846 days since bitcoin last reached the $69,000 mark on Nov. 10, 2021. From Uncertainty to Uncharted Heights: […] Original
A few days of frenzied trading has seen the world’s largest crypto rise from the $51,000 to its current record. Original
The purchase will be done over a two-year period, developers told CoinDesk. Source
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Considering the seemingly unstoppable momentum in Bitcoin price action, a new all-time high on the BTCUSD trading pair is less than 2% away. Meanwhile, due to the supply of new BTC unlocked since 2021, the BTC market cap chart has reached a new all-time high above $1.3 trillion. BTC Market Cap Sets New Record ATH Crypto bulls have something to celebrate today, even if BTCUSD doesn’t make a new all-time high just yet. That’s because the market cap chart has, and the total value of the Bitcoin network is currently…
Last week, bitcoin-focused exchange-traded products as a group attracted “massive inflows” of $1.73 billion, their second largest week on record, asset manager CoinShares reported Monday. ETH focused funds were also in demand, recording $85 million in net inflows, the report added. Source
What’s different this time? ETFs, Wall Street and a lack of celebrity influencers — for now. Source
Bitcoin (BTC), the leading cryptocurrency, continues its remarkable bullish run, surpassing the $65,000 mark on Monday and inching closer to its all-time high of $69,000. Simultaneously, BTC has achieved a significant milestone against the Euro as economic concerns escalate across Europe. BTC Achieves Record Highs Against 14 G20 Currencies Despite previous skepticism from European authorities, Bitcoin has soared to an all-time high of $60,200 against the official currency of the European Union (EU). This achievement is noteworthy, considering the Euro’s recent depreciation against Bitcoin, as depicted in the chart below.…