Following a few consecutive days in which BTC price came just inches away from breaking its ATH of $58,400, the cryptocurrency finally did it yesterday and went on a wild spike to record a new current top at $61,800. The altcoin space also followed the bullish price trajectory and the market cap added $150 billion for a new record of its own at $1.850 trillion.
Bitcoin Exploded Above $60K: Broke The Feb-21 ATH
As CryptoPotato previously reported, bitcoin came close to the previous all-time high at $58,400 on multiple occasions. One of them was particularly compelling as the asset was just $250 away from that price tag.
Each time was followed by an immediate rejection that drove the asset south with a few thousand dollars. However, yesterday the attempts received a green light.
In an almost inevitable moment, the primary cryptocurrency broke above the previous February-21 ATH of $58,400 and continued to just shy of $60,000. It stood there for a bit, but the bulls had no plans to halt their run. In the following hours, BTC shattered the $60K price tag and registered the latest ATH at $61,800 (according to Bitstamp).
Looking at a slightly larger scale, reaching $61,800 means that bitcoin is up by almost $19,000 in two weeks, and almost $15K in less than eight days. Exactly two Sundays ago, the asset plummeted to $43,000.
Naturally, the impressive price surge had positive effects on bitcoin’s market cap, which is well above $1.1 trillion as of now. Additionally, BTC has increased its dominance over the market to above 62% – meaning more …
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