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Bitcoin Price Hits New All-Time High of $ 38,400

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Bitcoin price hits new all-time high of $ 38,100

On January 7, the rate of the first cryptocurrency rose to $ 38,400 (BitXmi exchange), setting a new maximum.

 

Bitcoin price

The price of Bitcoin broke through the $ 35,000 level about a day ago. (Read here)

“The market looks absolutely amazing. He brings joy every day, ” – wrote trader and technical analyst Michael van de Poppe.

Legendary trader Peter Brandt is confident that the price is in the middle of a parabolic move.

“Bitcoin is redefining the concept of “overbought,” – he said.

The total capitalization of the cryptocurrency market exceeds $ 1 trillion with a bitcoin dominance index of 67.6% (according to CoinGecko).

Alex Kruger believes that the magnitude of market adjustments should sharply decrease as institutional participation in Bitcoin increases.

“Get it, bitcoin will most likely never trade below $ 20,000 again.” – he said.

Read actual crypto news every day on https://news.bitxmi.com/

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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