Bitcoin unstoppable? As more and more analysts in the cryptosphere await (hope?) a revival of Ethereum (ETH)it is still and always the king of cryptos, Bitcoin (BTC), which is making headlines today. Indeed, the cryptocurrency invented by Satoshi Nakamoto has just beat again ATH (historic highs) this December 17, 2024.
The key points of this article:
Bitcoin reached new all-time highs by surpassing $108,000 on December 17, 2024. Significant favorable conditions this year – such as the approval of Bitcoin ETFs and the resounding victory of Donald Trump – contributed to this spectacular rise.
Bitcoin had a busy day at ATH, with a high of $108,000?
After having exceeded the 100,000 US dollars on December 5Then the 100,000 euros this December 16that's what Bitcoin prints a new all-time high (ATH). In fact, it even marked several new highs on this single day of Tuesday, December 17, 2024. Indeed, as we can see in the graph below, from CoinGecko, the leader in crypto-assets has first beat his yet recent record d'here the 107,000 dollarsaround 10 a.m. this morning (French time) going up to around the 107 385 dollars. And around 5 p.m., still this December 17, our new digital gold even exceeded $108,000 per BTC. At the time of writing, Bitcoin's new all-time high stands at more precisely 108 135 dollars. But for how long?
Bitcoin (BTC) price against the US dollar. – Source: coingecko.com planets have aligned in favor of Bitcoin in this year 2024. Indeed, between on one side approval of spot Bitcoin ETFs (which began to attract massive investments from institutional), and on the other the election of Donald Trump as President of the United Statesthe 100,000 dollars no longer appeared until like a stepand not a summit. What will be the “ultimate” ATH? of this present cycle, 150,000 or 200,000 or 1 million dollars ? No one knows, but the party still seems quite far from over.