Bitcoin Smashes Through USD 65,000, Reaches New All-Time High

Source: Adobe/aerogondo

The price of the number one cryptocurrency, bitcoin (BTC), has just smashed through its all-time high of around USD 64,800, reaching as high as USD 66,000 and above on several exchanges on Wednesday at 13:50 UTC.

The upwards move happened in an explosive way over the course of just 5 minutes, starting at 13:40 UTC, before a slight reversal came. 

As usual, liquidations also followed, with data from Bybt showing that short positions on bitcoin worth nearly USD 77m were liquidated across major exchanges during the last hour. 

As reported, the new all-time high in US dollars today follows highs in a number of other fiat currencies earlier, including the euro and the Japanese yen.

BTC price chart:

Source: coingecko.com

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Learn more: 
- 'Extreme Volatility' Expected as Bitcoin Investors Learn to Value It
- Bitcoin Price to Face Another Test as Central Banks Eye Rate Hikes
- Bitcoin May Surpass USD 66K in 2021 and USD 400K by 2030 - 'Panel of Experts'

 

Source: https://thebittimes.com/bitcoin-smashes-through-usd-65-000-reaches-new-all-time-high-tbt4806.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Bitcoin News

Post by: TheBitTimes.com