Merry Christmas, Bitcoiners: $BTC Breaks $24,600 to Set a New All-Time High

Spread the love


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.

 

Featured Image by “TerriC” via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

 170 Interactions,  2 today

READ ALSO:
Ex Goldman Sachs senior says Bitcoin is going to draw further scrutiny, but ‘could work’

Speculations as to whether Bitcoin is going for mass acceptance do not appear to disappear. Since companies such as Grayscale Read more

RECOMMENDED READ:  Russia and China Want to Stop Their People from Buying Bitcoin: Investor Marius Landman
XRP, Tron, Synthetix Market Analysis for 25th January 2021

XRP developed a bullish reversal trend and was poised to challenge the $0.3 resistance mark over the next few days. Read more

Why traders claim that Ethereum will see a ‘rinse’ pullback after breaking its two-year peak

Traders claim that ETH price could fall back briefly after climbing to a new all-time high above $1,470, amid the Read more

How Ripple ran the most costly blockchain advocacy campaign in 2020.

As far as lobbyist reports are concerned, Ripple Labs has advocated for lobbying reform that aims to improve the regulation Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us

%d bloggers like this: