Take a fresh look at your lifestyle.

Bitcoin price has hit a new all-time high at $ 63,000


Today the price of Bitcoin surpassed the $ 63,000 mark for the first time in history registering its new ATH (All Time High).

According to the data of CoinMarketCap, it was as high as $ 63,100, while according to CoinGecko data it even surpassed $ 63,200.

Yesterday, the price was around the $ 60,000, but it had already surpassed $ 61,000 overnight thanks to the Asian markets. But that wasn't a new record, as it had also topped $ 61,500 in mid-March.

Today, however, he made a sudden jump to over $ 62,000 and then took a second jump to more than $ 63,000.

Ethereum also set a new all-time high, topping $ 2,200 for the first time.

Furthermore, despite the growth in price and market capitalization, bitcoin's dominance remains below 55% on CoinMarketCap due to the good results of some altcoins in recent days.

New ATH for Bitcoin, the trend continues

According to the analyst Simon Peters from eToro, this trend may not stop here.

Peters said:

“The dynamics have changed dramatically this year. Demand is flooding the market for institutions as large amounts of bitcoin and ethereum are increasingly going offline and holders are transferring them to their own wallets. There is only one result of that, and investors should expect higher highs and lows throughout the year.

In the short term, we may soon see some profit-taking by some investors, a common theme that occurs when bitcoin or its peers hit record peaks, but the long-term trend remains strong, and the demand for alternative investments keep going".

In February, Peters predicted that the price of bitcoin could hit $ 70,000 over the course of months, and thanks to today's growth, that milestone doesn't seem that far off.

Leave A Reply

Your email address will not be published.