Bitcoin Sets New All-Time High of $49.7K, Putting $50K Within Striking Distance
The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.”
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BTC is back within striking distance of its all-time high set early last month.
The price of bitcoin continued to inch upward today, reaching a press time high of $1,060 on the CoinDesk Bitcoin Price Index. In total, the global exchange average was the highest observed since 5th December, 2013, when bitcoin traded at a high of nearly $1,150. According to BPI data, the price remains just over $100 short of its all-time high of $1,165.89, reached on 30th November, 2013. Notably, the uptick occurred during a time of heightened interest for the digital currency, which has drawn media attention from publications including BBC News, The New York Times and The Washington....
Bitcoin price just slammed through $17,000 as part of a seven consecutive week rally. The cryptocurrency finally reached what could be the final resistance level before a retest of its all-time high. With the former peak within striking distance, will bulls seize the opportunity and set aflame to cryptocurrency market interest once again? $17,000 Now […]
The stock market is still within striking distance from former all-time highs set in 2021, yet Bitcoin and other cryptocurrencies feel miles away by comparison. The two vastly different types of assets that once traded lock and step are now experiencing a significant divergence. Is it time for BTCUSD to kiss its correlation with the […]
As Bitcoin (BTC) trades within striking distance of its all-time high (ATH) of $108,786, recorded earlier this year in January, several indicators suggest that sustained bullish momentum could soon push the top cryptocurrency to new highs. Bitcoin Enters Final Phase Of Wyckoff Accumulation In a recent post on X, crypto analyst Ted Pillows highlighted that […]