Bitcoin shoots past $60k, sets a new ATH By BTC Peers


Bitcoin shoots past $60k, sets a new ATH

A few hours after breaking its previous all-time high of $58,500, climbed to $60,000, a move that has brought in gains across the entire crypto market.

Bitcoin climbed to a previous high on February 21, after which the price of the digital asset quickly slumped to around $47,000 24 hours later, plunging even further on the next day. Since then, the leading cryptocurrency has been trading sideways amid massive accumulation from whales and institutional investors.

Bulls finally reclaimed the market this week and have been pushing the price of the digital asset. A number of factors, including Biden’s recent $1.9 trillion stimulus package may have contributed to the recent Bull Run.

After several weeks of trading sideways, Bitcoin finally broke the $60,000 mark, eventually reaching a new ATH of $61,267. As of press time, the digital asset was exchanging hands at $61,219.

The bullish sentiment can be seen across the entire crypto market. While the second-largest cryptocurrency is yet to break its previous all-time high of $2,000, it is on course to challenge it once again. Ethereum was trading at above $1,935, as of press time.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *