Traders betting against price gains for Bitcoin and Ethereum are licking their wounds Monday, with short liquidations piling up as BTC mines record territory and ETH hits a peak not seen since 2021.
Bitcoin peaked at a new all-time high price of $107,822 on Monday around 1:30pm ET, per data from CoinGecko, with the price of the leading cryptocurrency continuing to nudge higher today after breaking the previous record on Sunday.
A record price of just under $104,000 had been set in early December when Bitcoin hit the $100K milestone for the first time, and that peak was surpassed late Sunday as BTC rose to a new peak of $106,352. That mark has now been surpassed.
Meanwhile, Ethereum rose as high as $4,081 Monday, hitting that mark just before 2pm ET. It’s the highest price recorded by CoinGecko since December 2021, just barely edging out peaks from March and earlier in December this year.
As of this writing, Bitcoin’s rise has cooled slightly, with a current price of $106,202. It’s up nearly 3% on the day, with its weekly climb sitting at 8.5%.
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Author: Andrew Hayward
