Around 11:58 UTC on Friday (December 25), the Bitcoin price broke through the $24,600 level on Coinbase to hit a new all-time high (ATH) of $24,649, thereby giving Bitcoiners one more reason to celebrate this day.
According to data by CryptoCompare, currently (as of 14:20 UTC on December 25), Bitcoin is trading around $24,456, up 5.34% in the past 24-hour period. This means that Bitcoin’s market cap is around $455 billion. In the year-to-date period, the Bitcoin price has gone up 240% against USD.
Bitcoin price hitting a new all-time high felt like the Santa Claus rally had brought a wonderful Christmas present for Bitcoin HODLers:
Charles Edwards, Co-Founder of digital asset management firm Capriole Investments, said that he expected Bitcoin in the $100,000 to $200,000 range at some point in 2021.
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