This weekend, Bitcoin (BTC) continued its bullish run from earlier in the week, reaching a new all-time high (ATH) of $125,500 on Sunday. Let’s take a look back at this performance.
New ATH for Bitcoin (BTC)
On Sunday morning, the price of Bitcoin (BTC) reached a new all-time high (ATH) of $125,500. While on Friday we were talking about it exceeding $120,000 for the first time since August, this new record comes less than two months after the last one.
At the time of writing, BTC is now trading at $123,750, down 1.1% over the last 24 hours:
It should also be noted that an ATH in euros has also been broken, with the record now standing at just over €106,900.
As we have become accustomed to since the beginning of its bull run, BTC is racing ahead on its own. And for good reason: among the top 10 cryptocurrencies by market capitalization, only BNB is also at its ATH, reached this morning at $1,193.
Nevertheless, the total crypto market cap also broke its all-time high this morning, reaching $4.3 trillion.
As with every phase of “price discovery,” it is difficult to estimate how far this rise will continue. Therefore, caution remains the order of the day in the face of all the positive analyses, because, while the Bitcoin rally may indeed continue, the risk of a “fall 2021” scenario, with prices collapsing just as quickly, can never be ruled out.
Initially, the strength of this new record could be tested this afternoon on ETFs when the US stock markets open. Last week, US spot Bitcoin ETFs closed with $3.24 billion in net inflows, a record since the week of November 18-22, 2024, which saw the value of assets under management in these funds grow by $3.38 billion.
