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.
Credit: Source link
