Home » Cryptocurrency News » Cryptocurrency News » Bitcoin Price Surpasses $29,000 To Record A New All-Time High Bitcoin Price Surpasses $29,000 To Record A New All-Time High December 30, 2020 0 Comments
The cryptocurrency market shows no signs of slowing down today.The total capitalization has added almost $4 billion in the past 24 hours, surging to levels not seen since January 2018.At the time of this writing, the total market cap sits just shy of $760 billion, according to CoinMarketCap.Bitcoin price continues to paint fresh all-time highs on a daily basis.
Earlier today, CryptoPotato reported that the cryptocurrency has managed to break out once again and chart a new high at $28,600.
However, it appears that there’s undoubtedly room for more.
In the past few hours, BTC has gone on yet another leg up, painting a fresh all-time high surpassing $29K – the current ATH is set to $29,010 on Bitstamp.BTC/USD, source: TradingView With this, the cryptocurrency has also managed to gain about $3,000 since yesterday’s lows – below $26,000 and completes almost 50% ROI in just two weeks since breaking the previous ATH recorded in December 2017 ($19,660).It’s also interesting to note that the second-biggest cryptocurrency by market cap, Ethereum, is also on the move.Earlier today, we reported that it’s likely that ETH’s sideways movement from the past couple of days might end up with a wild move and it appears that one is already in the making.ETH’s price reached $758 on Binance – a level that we haven’t seen since May 2018.The world’s second-largest cryptocurrency is now sitting on a market cap of around $85 billion.
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While this may have somewhat surprised many, it does come as a natural and logical extension of… Ethereum Price Analysis: ETH Sideways Action Might End Soon By Huge Price Move Ethereum dropped by a total of around 1.5% today as it falls to the $235 level.The next level for ETH to break and start a bullish push lies at $250.Against Bitcoin, Ethereum still needs to break the strong resistance at 0.0253 BTC.Key Support & Resistance Levels ETH/USD: Support: $225, $215, $205.
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It continued to push higher and eventually reached a weekly high of $9,430 before dropping to the current resistance at $8,870 (1.272 Fib Extension).This price increase… Leave a Reply You must be logged in to post a comment.Search.
