Bitcoin price hits new high near $26,000

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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