Bitcoin Price cut through $24,000 Saturday afternoon, setting a new record high as the leading cryptocurrency’s ongoing rally continues through the weekend before Christmas.
- The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time high of $24,122.67 before falling back to $23,978.86, up 5.49% on the day.
- The record price comes two days after bitcoin (BTC, +4.71%) first sliced through the $23,000 price point amid its more than 12% intraday gains.
- With the latest price increase, bitcoin’s year-to-date percentage gains have grown to over 225%.
- Social media is lighting up with bitcoin-related chatter as mainstream audiences pay increasing attention to bitcoin’s sustained rally. Tweets about bitcoin nears three-year highs Thursday per CoinDesk’s prior reporting as record prices attract increasing attention.
- Coinciding with the weekend price jump, Christopher Wood, global head of equity strategy at investment firm Jefferies, is reportedly planning to cut his exposure to gold for the first time in years in favor of a first-time ever position in bitcoin. Wood is set to cut his gold position from 50% to 45% and initiate a 5% bitcoin holding.
Contents
hide
Dai vs. Traditional Fiat: Examining the Advantages and Disadvantages
In the world of finance, the emergence of cryptocurrencies has brought about significant changes to the traditional financial landscape. One such cryptocurrency that has gained considerable attention is Dai. In ...
Read More
Read More
Finding the Best Crypto News Sources in 2023
The cryptocurrency market is fast-paced and ever-changing. With new projects launching, regulations shifting, and prices fluctuating daily, it's essential for crypto investors to stay up-to-date on the latest developments. However, ...
Read More
Read More
Top 5 Best Memecoins in 2023
It's the year 2023, and the meme culture got more popular than anytime. Every industry started to use memes for marketing or purely for fun. The crypto space is not ...
Read More
Read More
Momentum Trading in Cryptocurrencies: Riding the Price Trends to Profit in 2023
In the ever-evolving world of cryptocurrencies, momentum trading has emerged as a prominent strategy for savvy investors seeking to capitalize on price trends. With the volatile nature of digital assets, ...
Read More
Read More
Australian crypto exchange launches learning scheme
There has barely been a day over the past year or so when crypto has been out of the news in Australia. It all began with the sudden collapse of ...
Read More
Read More
One reply on “Bitcoin Price Tops $24K, Setting New All-Time High”
Hi, Really appreciate your work. We are also in blockchain development. Your article influences me. I would like to bookmark your blog. Waiting for your next blog. Thanks