New maximum: Bitcoin price breaks the $ 35,000 level

It is too early to talk about the end of the bitcoin rally, the coin has updated its maximum today. At the time of publication of this review, the BTC rate was holding above $ 35,000 – this is the highest value in the entire history of the cryptocurrency.

At the same time, analysts note that this is far from the limit for the growth of bitcoin, and very soon the coin will reach new frontiers. BTC capitalization in the last twenty four hours has grown by another 10% to $ 758 billion.

Together with BTC, almost all the largest altcoins have broken records this week.

Top Cryptocurrency Growth

Out of the top ten, Cardano (ADA) achieved the biggest results, skyrocketing 25% to $ 0.276. ADA token is available for trading on the BitXmi crypto exchange paired with USDT, BTC, ETH.

ETH rose to $ 1102. Observers do not exclude a scenario in which the largest altcoin will break the record three years ago and exceed $ 1400 by the end of this week. Cryptocurrency market capitalization is smoothly approaching $ 1 trillion, now it is just over $ 936 billion.

CryptoQuant CEO Ki Young Ju presented data on the outflow of bitcoins from exchanges. Only on January 2, more than 55,000 BTC were withdrawn from the Coinbase platform, which indicates the dominance of the trend for long-term storage of cryptocurrency.

FYI, Coinbase outflow on Jan 2 was an all-time high. It seems institutions bought $BTC when the price above 30k.$BTC bull market isn't over.

Chart 👉 https://t.co/OFT33lQycF https://t.co/BSJWHIBKfp pic.twitter.com/pMGbLESMX0

— Ki Young Ju 주기영 (@ki_young_ju) January 5, 2021

This factor will undoubtedly push the coin to new heights. Ki Young Ju also noted that large investors bought bitcoins at prices of at least $ 30,000, so they will try to prevent the value from falling below that level. 

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