In the evening on Saturday, December 26, the price of the first cryptocurrency hit a new all-time high, coming close to the $26,000 mark.
On Bitstamp, Bitcoin peaked at $25,985.9.
Data: TradingView.
The $25,000 level was breached in the morning.
$ 2 5 0 0 0 #Bitcoin
Thanks Santa 🎅🚀 pic.twitter.com/4pp80fNkLG
— Binance (@binance) December 26, 2020
CoinGecko’s analytical service at 6:38 (MSK) recorded the volume-weighted average price across trading platforms at $24,999.99.
Data: CoinGecko.
At the time of writing, Bitcoin is trading around $25,800.
The $24,000 level was breached by “digital gold” exactly one week ago — on Saturday, December 19.
So $25k* on 25th, three new ATHs $24.7, $24.8 and $25k in a day. You think institutions did that? On Christmas day? Retail did it — only people near a keyboard.
(*$25k if you pick @bitstamp or @krakenfx tho not quite on @bitfinex) pic.twitter.com/6PmiEcdn7v
— Adam Back (@adam3us) December 26, 2020
Bloomberg Intelligence senior commodity market analyst Mike McGlone said in early June that Bitcoin could rise to $28 000 this year, citing technical and fundamental factors.
Earlier, Guggenheim Partners’ investment chief Scott Minerd said that the price of the first cryptocurrency could rise to $400 000.
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