Digital gold has reached another all-time high of $41,000 after dropping from $40,000 the day before.
On January 7, Bitcoin broke above another all-time high achieved recently and surged to $40,000 but dropped four percent right after that.
Image via Twitter
Just now, on January 8, the flagship cryptocurrency recovered the $40,000 level and spiked, topping $41,000, continuing its massive rally.
Image via TradingView
Bitcoin keeps pushing its way upwards due to multiple factors. Among them is the active Bitcoin purchasing by large institutional investors, such as Grayscale that now holds over $20 billion in Bitcoin and other crypto, the long-term quantitative easing program with over $6 trillion issued last year and the legal suit of the SEC against Ripple that alleges XRP to be a security and the Bitcoin halving of May 2020.