Over the past few hours, Bitcoin has remained above $ 60,000 and less than 1% from breaking its previously set record of $ 61,800.
To finally overtake it, this coincided with the preparation of this article as the bitcoin price reached a level of over $ 62,800, according to coinmarketcap.
Some altcoins have made big gains, including Binance, and the digital currency Ripple XRP, which has risen by 20% in the last 24 hours and has reached $ 1.6 at the time of writing this article.
Bitcoin exceeds its previous peak and records new highs:
Bitcoin continues to be above the level of 61 thousand dollars, and its price is currently estimated at the time of writing this article above 62 thousand dollars.
Bitcoin was able to finally breach the $ 60,000 level last Saturday, with some decline on Sunday, as the currency regained its activity and recovered and continues on its way to break its previous peak (the previous high of $ 61,800).
Currently, the currency has entered a price discovery stage and is hovering above the $ 62,000 level.
Several indicators indicate that Bitcoin is ready for new highs, among these indicators:
- Decline in the number of bitcoins on the trading platforms.
- Miners keep their new Bitcoins without selling them and put them on the market immediately.
- Increased institutional adoption and massive investment capital towards Bitcoin.
Binance and Ripple make the event:
Alternative digital currencies are experiencing significant volatility in recent hours and at the present time as well.
Ethereum touched a record high of $ 2,200, and rose above the time of writing this article.
BNB, the third-largest cryptocurrency by market value, is also flying high outside the technical charts in terms of daily volatility.
Where it increased its height and reached record levels above $ 640, after the news of the approaching burning process that Binance is conducting towards its BNB digital currency in order to reduce the total supply of it, as the news is a positive catalyst for the currency.
Then the Binance coin wore over $ 100, now fluctuating between $ 530 and $ 560.
XRP, which is the fourth currency in terms of total market capitalization, and after falling behind in recent weeks, seems to be wanting to compensate its holders.
The ripple currency rose by more than 15% in the last 24 hours and by more than 80% in the last week, as the currency reached record levels not seen in 3 years, as the currency rose to $ 1.63, according to coinmarketcap.
The total market cap of cryptocurrencies as a whole also set a new record of more than $ 2.1 trillion.