Bitcoin price breaches $35,000

The price of the leading cryptocurrency has again set a new all-time high. Bitcoin settled above the $35,000 mark.

At the time of writing, the flagship of the market was trading around $35,200. The market capitalisation of digital gold stands at $654.5 billion (according to CoinGecko).

Bitcoin price dynamics since the start of 2021. Hourly BTC/USD chart from Bitstamp on TradingView.

Bitcoin price is trading roughly 80% above the peak of the previous rally, reached at the end of 2017 at the $20,000 mark.

Weekly BTC/USD chart for Bitstamp from TradingView.

The continuation of Bitcoin's rapid rise has positively affected prices of other crypto assets, including Ethereum. The latter is trading above $1,100. Among the top ten, XRP fell slightly amid a new lawsuit against Ripple.

Data: cryptocurrency rates from ForkLog.

Many social media users expressed unabashed joy at what is happening in the market. Some recalled the well-known Bitcoin critic Peter Schiff.

Happy ATH!

👀 Preview of the 100k #bitcoin Party, feat. @PeterSchiff

Also attending @maxkeiser @michael_saylor @saifedean @Excellion @pierre_rochard @bitstein @APompliano @stephanlivera @PeterMcCormack @WhalePanda @adam3us @giacomozucco @lopp @francispouliot_ @udiWertheimer pic.twitter.com/7YV6U9kGbn

— Bitcoin Meme Hub 🔞 (@BitcoinMemeHub) January 6, 2021

Earlier, the financial giant JPMorgan predicted Bitcoin price would rise to $146,000.

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