Bitcoin Price Hits New All-Time High Above $28,500

Bitcoin Price Hits New All-Time High Above $28,500

Listen to Article

Bitcoin has undergone a strong rally over the past 24 hours. The cryptocurrency is up 8% in the past 24 hours alone, pushing from the $27,000 range to $28,500 now.

The leading cryptocurrency set a new all-time high just a number of minutes ago above $28,500, pushing to $28,600 on top exchanges. This was marked by not much hype on Twitter despite this being a new all-time high, potentially because this new high was only marginally above the previous one. Also, Twitter seems to be focused on an Ethereum-based DeFi app as opposed to the Bitcoin rally.

Bitcoin Explodes Higher

This comes as there has been a continued interest by institutions in BTC.

Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now!

Skybridge Capital was revealed today to have likely invested over $180 million worth of capital into Bitcoin via its funds. The company recently launched a Bitcoin-focused fund to allow investment advisors to gain exposure to the leading cryptocurrency.

Read more:  Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

Raoul Pal thinks that reflexivity will take this market to an extremely volatile place.

LEAVE A REPLY

Please enter your comment!
Please enter your name here