Bitcoin (BTC) has once again recorded new all-time high by breaching the psychological $35,000. After hitting a high of $35,895, Bitcoin declined slightly to trade at $35,344, reflecting a gain of 13.4% in the last 24 hours. The market cap of Bitcoin, at the time of writing this article was $657.01 billion.
Interestingly, the numero uno crypto underwent strong price correction to $28,000, after reaching $34,800 on January 3. However, the decline did not last longer and the king of crypto rebounded sharply to $31,000 levels in a matter of few hours. After consolidating at $31,000 levels for around two days, Bitcoin broke past $35,000 level.
Notably, Bitcoin has appreciated about 80% after it broke $20,000 level on December 16. The crypto has gained 22% in seven days. The latest peak was hit a day after the US Office of the Comptroller of the Currency permitted national (federally chartered) banks to make use of stablecoins and also public blockchains for payment processing.
< Alongside Bitcoin, Ethereum (ETH) has also broken above $1,000 level. At the time of writing this article, Ether was trading at $1,114 reflecting a gain of 9.8% in the last 24 hours and 51.6% in the past week.
