Bitcoin is continuing to set new price records, breaking above $35,000 for the first time ever on Jan. 5.
After setting its past record of roughly $34,800 on Jan. 3, BTC posted a fast retracement down to $28,000 the following day.
However, the crash was short-lived, with BTC quickly recovering, and pressing into new all-time highs above $35,800 around 4.30am (UTC).
Bitcoin has now gained roughly 80% since breaking into new highs on Dec. 16, and is up 22% in seven days.
BTC/USDT 1H chart, Binance: TradingView
The new record was posted one day after the U.S. Office of the Comptroller of the Currency published guidance greenlighting federally chartered banks to use stablecoins and public blockchains for settlement
Ethereum has also pushed back above $1,100 alongside BTC’s latest push, and has gained 44% over the past week.
Title: Bitcoin shatters $35K with fresh ATH
Sourced From: cointelegraph.com/news/bitcoin-shatters-35k-with-fresh-ath
Published Date: Wed, 06 Jan 2021 04:45:45 +0000
Bitcoin shatters $35K with fresh ATH
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