Bitcoin Reaches New ATH Price In Just 24 Hours
Bitcoin (BTC) has surpassed the $107,000 threshold, achieving a new all-time high (ATH) after it previously recorded another ATH price at $106,000 yesterday. As of right now, the price has decreased a bit and is currently resting just above $106,600.
Still Bullish
The price surge has been gaining pace for several months, with the recent rally breaking previous resistance levels. Although Bitcoin faced a dip below $95K just last week, the bulls have nevertheless managed to push BTC above its previous ATH.
Still, it was the $100,000 milestone which proved to be the main test, with Bitcoin hitting this level multiple times in the past week, including on December 9th, 11th, and 13th. Many believe that Russia announcing their plans to implement a Bitcoin reserve strategy of their own is what caused this sudden surge to $107K.
Mixed Bag For Altcoins
Bitcoin may continue to rise but altcoins remain a mixed bag. For instance, ETH, TRON, XRP, and BNB are all in the green, but other mainstays like DOGE, ADA, SOL, AVAX, LINK, and TON are all in the red within a 24 hour period.
The global market capitalization is now $3,911,818,417,060, and the daily trading volume for the entire crypto market is now $295,351,502,587. As of today, Bitcoin has a market capitalization of $2,108,251,640,960, reflecting a nearly 10% increase on a weekly basis.
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