What Pushed Bitcoin Past All-Time Price Highs This Week (And What’s Next)?
It may be a milestone that is losing some of it’s novelty, but bitcoin once again eclipsed its all-time price high this week, reaching a USD value of $49,000 on Bitstamp today. Sometimes bitcoin’s price movement can be difficult to parse but, in this case, there was a series of significant news items and events that likely propelled BTC to its current heights. What Pushed Bitcoin To Its Latest ATH? The bitcoin bull run that has been ongoing since early 2020 has had a seemingly synergistic relationship with major institutions — as these groups continue to divert their assets into bitcoin,....
Related News
Bitcoin is rallying again, pushing into new highs above $35,000. Bitcoin is continuing to set new price records, breaking above $35,000 for the first time ever on Jan. 5.After setting its past record of roughly $34,800 on Jan. 3, BTC posted a fast retracement down to $28,000 the following day.However, the crash was short-lived, with BTC quickly recovering, and pressing into new all-time highs above $35,800 around 4.30am (UTC).Bitcoin has now gained roughly 80% since breaking into new highs on Dec. 16, and is up 22% in seven days.BTC/USDT 1H chart, Binance: TradingViewThe new record was....
At the time of writing, the XRP price noticed upward movement on its chart. After the asset consolidated for a few days, it finally travelled north. Over the last 24 hours, the XRP price registered a 6% appreciation. In the past week, the coin has rallied by over 20%. Buyers were attempting to push the price up, and they finally succeeded over the last 24 hours. XRP was stuck at the $0.38 price mark for a considerably long period of time, but buyers rescued the altcoin despite broader market weakness. Continued pressure from the buyers could make XRP move past its immediate resistance,....
Ethereum Classic had experienced a sharp fall in prices on the 17th January, however, at press time ETC was seen recovering. Over the last 24 hours, ETC had gained close to 7% and was seen trading at $28. In the past week, ETC logged gains of about 17% and had broken past the $25 price mark. ETC struggled near the aforementioned price level for the past few weeks. However, with close to 17% gains in the past seven days ETC has now managed to break the downtrend. Bitcoin was bordering $39k at the time of writing. As Bitcoin had climbed up on its chart, major altcoins followed the same price....
There was no major stimulus announcement, but Bitcoin was still able to hit a five-week high on the first day of the week. The benchmark cryptocurrency established an intraday high of $11,736 before profit-taking sentiment pushed its exchange rate lower. Its price landed around a concrete support level of $11,500. Entering the Tuesday Asian session, BTC/USD was still lurking near the said price floor. The sudden spike in the Bitcoin price came as a part […]
It has been a wild past few days and weeks for Bitcoin and the entire crypto market The benchmark digital asset’s price has gone parabolic, rallying from recent lows of $17,600 to highs of $23,700 Although it faced a rejection at these highs, its outlook is still incredibly bullish and it has recovered most of […]