Bitcoin Price Hits New All-Time High Above $28,500

2020-12-31 11:04

Bitcoin has undergone a strong rally over the past 24 hours. The cryptocurrency is up 8% in the past 24 hours alone, pushing from the $27,000 range to $28,500 now.

The leading cryptocurrency set a new all-time high just a number of minutes ago above $28,500, pushing to $28,600 on top exchanges. This was marked by not much hype on Twitter despite this being a new all-time high, potentially because this new high was only marginally above the previous one. Also, Twitter seems to be focused on an Ethereum-based DeFi app as opposed to the Bitcoin rally.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Explodes Higher

This comes as there has been a continued interest by institutions in BTC.

Skybridge Capital was revealed today to have likely invested over $180 million worth of capital into Bitcoin via its funds. The company recently launched a Bitcoin-focused fund to allow investment advisors to gain exposure to the leading cryptocurrency.

Raoul Pal thinks that reflexivity will take this market to an extremely volatile place.

We are at the stage where people I really respect – mean reversionists, value players and rationalists are urging caution in bitcoin.

— Raoul Pal (@RaoulGMI) December 30, 2020

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Bitcoin Hits New All-Time High Above $28,500

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500 hours pushing bitcoin cryptocurrency high all-time

Источник: newsbtc.com

500 hours → Результатов: 126


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Bitcoin’s Value Surpasses $23,700, Critics Claim Its a ‘Bubble,’ Onchain Analyst Says $100K Prices ‘Ridiculously Low’

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2020-12-5 21:00


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Historically Accurate Analyst Expects Bitcoin to Hit $18,000 In Coming Days

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Bitcoin’s Market Structure Shapes Up as Bulls Defend Critical Price Level

Bitcoin is currently expressing some immense signs of strength as its price trades above $10,600 This marks a decisive break above the $10,500 resistance level that was previously suppressing its price action Because bulls were able to break above this effort this morning, it does appear that the benchmark cryptocurrency may be well-positioned to see further upside in the coming few hours and days The next region of interest for bulls sits around $11,000, as […]

2020-9-15 02:00


Bitcoin May Soon Push Higher After Taking Out Key Liquidity Levels

Bitcoin has witnessed some slight instability throughout the past few hours, with sellers rejecting BTC above its key resistance level at $10,500 The decline from its highs shows that this price remains a strong region of selling pressure The likelihood of BTC seeing further downside in the near-term is now significantly higher than what it was previously Some analysts are noting that where it trends next will depend largely on its reaction to a few […]

2020-9-13 19:00


Phishing Attacks On Electrum Wallet Sees Over $16 Million Stolen From Unsuspecting Users

New reports show that over $500,000 worth of Bitcoin (BTC) has been siphoned from Electrum wallets – about 72 hours after a GitHub user claimed they had lost 1,400 BTC in a similar hack. Some of the funds have been traced to Binance, with the exchange blacklisting up to 70 accounts linked to the transaction […] The post Phishing Attacks On Electrum Wallet Sees Over Million Stolen From Unsuspecting Users first appeared on BitcoinExchangeGuide.

2020-9-3 21:40


Ethereum Still Likely to Dive to $360 Support as Funding Stays Neutral

Ethereum and Bitcoin have both posted notable rebounds after facing some intense weakness throughout the early morning hours ETH was able to rally from lows of $380 to highs of well over $390, while Bitcoin pushed back above $11,500 after dipping to $11,200 This strength is an incredibly positive sign for the market, as it shows that buyers still have underlying strength Despite this strength, analysts are still short on Ethereum, with one trader noting […]

2020-8-28 23:00


Фото:

Ethereum Isn’t Clear of Danger Yet, But Analysts are Eyeing a Move to $500

Ethereum has seen a sharp decline over the past several hours that has caused it to break back below $400 This movement came about in tandem with a similar decline seen by Bitcoin and has sent shockwaves throughout the aggregated crypto market Analysts are now noting that ETH may be poised to see further near-term weakness, but its bull case remains strong One trader is noting that Ethereum has yet to break below a crucial […]

2020-8-26 23:00


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