Bitcoin’s highly positive week continued yesterday as the asset jumped above $77,000 to chart another all-time high before retracing slightly.
However, some of the altcoins have emerged as today’s top performers, including Ethereum, which was relatively sluggish until this week.
BTC’s Latest Peak
The start of the business week was quite underwhelming for the primary cryptocurrency as it dropped below $67,000 on Monday and stood there for most of Tuesday. However, that seems like a lifetime ago now given what transpired in the following days.
Once Donald Trump’s lead in the US presidential elections started to grow on Wednesday morning, BTC’s price went on the run and skyrocketed by eight grand to a fresh all-time high of over $75,000. The bulls kept the gas pedal pressed, and bitcoin soared to $77,000 on Thursday when the US Federal Reserve announced another rate cut.
Friday was initially less volatile as BTC stood around $76,000, but it jumped once again in the evening to $77,240 to mark its latest peak. Despite retracing to $76,500 now, bitcoin is still up by 10% on a weekly scale and more than 25% in the past month.
Author: Jordan Lyanchev
