It took bitcoin exactly four months to break its mid-January all-time high of just over $109,000 (at the time, on most exchanges), and shipped to almost $109,600 (on Bitstamp) minutes ago.
The asset has left well over $110 million in shorts liquidated with its latest rally.
It felt impossible a month and a half ago to talk about a new record. BTC’s price had tumbled to under $75,000 during the darkest hours of the Trump-induced trade war and little hope was to be seen.
However, the asset used the next 30 to 45 days to reverse its trend completely and broke above $100,000 on May 8 – it hasn’t looked back ever since.
The past few days saw a lot of volatility, and BTC came inches away from tapping a new all-time high on a couple of occasions, only to be stopped at $108,000 earlier today.
After a pullback to $106,000 today, the cryptocurrency went on the offensive once again in the past few minutes and blasted through its previous all-time high to chart a fresh peak.
The post Bitcoin Price Rockets to New All-Time High Above $109K appeared first on CryptoPotato.
