Bitcoin pushed within a few hundred dollars of a new all-time high price mark early Sunday, rising as high as $103,341 and remaining in close range of the peak price as of this writing.

BTC is currently trading for $103,100 according to CoinGecko, putting it within striking distance of the all-time high price record of $103,679 set earlier this month. Bitcoin is the only asset in the top 10 cryptocurrencies that is in the green over the last week, rising more than 3% during that span.

The latest leg up comes following more than a week of substantial volatility for Bitcoin and other crypto assets.

Bitcoin surged above the vaunted $100,000 mark for the first time ever on December 4 and continued to push to the aforementioned high, but then plunged sharply the following day—and again a few days later. Both drops impacted the prices of other cryptocurrencies, and also prompted waves of liquidations that wiped out the positions of traders betting that the bull run would continue uninterrupted.

But now, Bitcoin has stabilized and is testing another record mark. Other leading cryptocurrencies are seeing modest gains alongside, though none of the major players are making as meaningful of moves so far Sunday.

Go to Source to See Full Article
Author: Andrew Hayward

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.