Bitcoin jumped above $67,000 for the first time, hitting an all-time high, with broad-based gains in the cryptocurrency market recently.
The price of “Bitcoin”, the world’s largest digital currency by market value, rose by about 5% in trading today, Tuesday, to reach $68,347,000, breaking the last record set on October 20 at a price of just under $67,000.
The recent gains for the cryptocurrency market in general have increased its total market capitalization to over $3 trillion.
The digital asset market just over a decade ago has nearly quadrupled in value since the end of 2020, as investors become more comfortable with the ability of established tokens such as Bitcoin and networks such as Ethereum and Solana to continue to develop. and attract new uses.
“Bitcoin’s fresh breakout could signal the start of a final push for the fourth quarter before the crypto market shows more visible consolidation in the coming year,” Fundstrat said in its Technical Strategy Report on Monday. Strength in Bitcoin, Ethereum, and many other altcoins looks likely in the coming weeks.
Bitcoin’s gains come after the launch of the first Bitcoin-linked ETF to investors in the USA, where the ProShares Bitcoin Strategy ETF, which tracks Bitcoin futures, attracted more than $1.2 billion when it debuted.