Categories: Bitcoin

Bitcoin officially hits a new all-time high of over $ 65,000

Bitcoin (BTC) has hit a new all-time high in US dollars as the long-awaited surge drives BTC / USD into pricing.

BTC / USD 1-hour candlestick chart (Coinbase). Source: TradingView

Bitcoin is back in pricing

Data from Cointelegraph Markets Pro and TradingView show that Bitcoin has exceeded the cap of $ 64,900 in place since April.

On the second day of trading for the hugely popular strategic ETF Bitcoin ProShares, BTC / USD rose again ahead of the US Open – a fact that has shaped the pair for the past few days.

Bitcoin’s most famous names have been celebrated on social media.

“The Great Hall of Eternity echoes from the screams of those who sold their bitcoins,” said MicroStrategy CEO Michael Saylor summary.

This week, Bitcoin posted all-time highs against several major fiat currencies, including the euro.

As Cointelegraph reported, further highs are expected in the coming weeks and months, interrupted by brief corrections to establish new levels of support.

The highest short-term estimates currently focus at around $ 300,000 per bitcoin.

“Bitcoin season” is in full swing

Various dates support the idea that the moment Bitcoin is supposed to shine will precede altcoins, which will continue to be influenced by BTC as the day progresses.

Related: BTC Price Up 50% As “Altruistic” China Bans Bitcoin Mining

With Bitcoin’s market cap at its highest level since May – 47.4%, according to CoinMarketCap filings – prominent traders have warned that now is not the time to focus on the multi-altcoin portfolio.

It is currently estimated that the first half of 2022 will cause a shift in the fate of altcoins.

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Coincu

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