Bitcoin (BTC) has hit an all-time high of $62,712, according to analytics from CoinGecko. The price of one BTC is currently comfortable at $62,700.
The flagship digital currency has been on an impressive journey, with its price increasing at a rate of almost 6 per cent in one week. The new all-time high (ATH) comes only a day after crypto evangelist and investor Coinbase went public yesterday.
Crypto expert Jason Deanen who works at Quantum Economics, says that “Bitcoin has been testing the resistance levels for some weeks now, bouncing off each time but immediately coming back undeterred. Today’s ATH was inevitable as sheer market momentum, investor sentiment and accelerating rate of development act as primary drivers.”
Other than BTC, most digital currencies in the crypto top 20 also experienced similar hikes. Ethereum is up 4.91%, Binance 43,65%, and Uniswap is up by 12.04%
Bitcoin has again boosted investor sentiment amongst the community. Experts and traders are of the view that the BTC will climb even higher, perhaps as high as $400,000, with current trends looking bullish as ever.
Antoni Trenchev, who is a Crypto investor and preacher, declared: “I do not doubt that this bull run is far from over.”