Bitcoin (BTC) has broken $24,000 when again on Dec. 25 as bullish momentum returned for Christmas, which is looking rosy for bulls.BTC/ USD 1-hour candle light chart (Bitstamp). Source: TradingviewBTC price within $200 of brand-new all-time highData from Cointelegraph Markets, Coin360 and TradingView revealed BTC/USD consistently checking $24,000 resistance on Christmas Day.Hitting new all-time highs of $24,500 on Bitstamp at publishing time, Bitcoin refused to comply with bearish prognoses, shaking off lows that arised from legal action against Ripple.At press time, the largest cryptocurrency circled $23,900 as volatility magnified, with all-time highs in sight at $24,217. For some, such a move was expected, coming late in the year when Bitcoin tends to dominate over altcoins prior to a reversal happens in January. Amongst followers to this view is Cointelegraph Markets analyst Michaël van de Poppe.” Bitcoin supremacy has actually been topping out in December in the previous years. Every year it did,” he summarized on the day. “The probability of this to duplicate itself is considerable, especially combining this with the present sentiment on altcoins. Bullish for Q1 2021.” ltcoins countered after XRP claim sell-offWith the holidays beginning, big buy-ins from institutional financiers were less likely, these having the possible to dredge up liquidity and increase rate performance even higher. As Cointelegraph reported, however, MicroStrategy, which has holdings in excess of 70,000 BTC, exposed that it bought small amounts on a high-frequency basis instead of moving the marketplace with a swelling sum.Meanwhile, altcoins are also up on Christmas day, with Ether (ETH) regaining $600 and XRP, fresh from a 60% drop from Ripples claim fears, rebounded to $0.35. Title: Bitcoin price provides $24.5 K Christmas gift with another brand-new all-time highSourced From: cointelegraph.com/news/bitcoin-price-delivers-24-5k-christmas-gift-with-another-new-all-time-highPublished Date: Fri, 25 Dec 2020 11:32:26 +0000
John Diaz– Stocks Market
I am John Diaz and I’m passionate about business and finance news with over 11 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind topmagazinewire.com with a vision to broaden the company’s readership throughout 2019. I am an editor and reporter of “Stocks Market” category.