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7 December 2023
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Bitcoin Price Surpasses $29,000 To Record A New All-Time High

Bitcoin shows no signs of slowing down and it’s bringing the entire market with it. BTC just painted a fresh all-time high and has its sight set on $30K.

The cryptocurrency market shows no signs of slowing down today. The total capitalization has added almost $4 billion in the past 24 hours, surging to levels not seen since January 2018. At the time of this writing, the total market cap sits just shy of $760 billion, according to CoinMarketCap.

  • Bitcoin price continues to paint fresh all-time highs on a daily basis. Earlier today, CryptoPotato reported that the cryptocurrency has managed to break out once again and chart a new high at $28,600. However, it appears that there’s undoubtedly room for more.
  • In the past few hours, BTC has gone on yet another leg up, painting a fresh all-time high surpassing $29K – the current ATH is set to $29,010 on Bitstamp.
BTC/USD, source: TradingView
  • With this, the cryptocurrency has also managed to gain about $3,000 since yesterday’s lows – below $26,000 and completes almost 50% ROI in just two weeks since breaking the previous ATH recorded in December 2017 ($19,660).
  • It’s also interesting to note that the second-biggest cryptocurrency by market cap, Ethereum, is also on the move. Earlier today, we reported that it’s likely that ETH’s sideways movement from the past couple of days might end up with a wild move and it appears that one is already in the making.
  • ETH’s price reached $758 on Binance – a level that we haven’t seen since May 2018. The world’s second-largest cryptocurrency is now sitting on a market cap of around $85 billion

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