This is a first. While Bitcoin (BTC) hasn’t yet surpassed its all-time high in dollar terms (USD), it has just surpassed its all-time high (ATH) in euro terms, posting 60,000 euros this morning. A look back at the progress of the world’s largest cryptocurrency, which has been accelerating in recent days.
Bitcoin (BTC) at 60,000 euros: a first for the largest cryptocurrency
Bitcoin has just passed the $65,000 mark, and is approaching its all-time high of around $69,000. But it has already broken another record: that of its price in euros. For the first time in its history, it has exceeded the psychological threshold of 60,000 euros.
The surge in the Bitcoin (BTC) price in recent weeks
It’s worth remembering that 1 euro currently trades for 1.08 US dollars. At BTC’s last record price, 1 euro was worth 1.15 dollars. This explains why Bitcoin is not reaching its ATH at the same time for the 2 currencies
Euphoria palpable on the cryptocurrency market
Overall, the cryptocurrency market is experiencing euphoria at the start of this week. Bitcoin has gained 6% over the past 24 hours, and 27.4% over the past week. It is taking the rest of the crypto-currencies with it, with total capitalization reaching $2.5 trillion this morning.
BTC is likely to exceed its ATH in dollar terms in the hours or days ahead. The indicators are indeed green in the ecosystem, and it would seem that the bull run is starting to gain momentum.
Just how far will the world’s largest cryptocurrency go? Forecasts vary, but some are predicting $200,000 by 2025. Today, all players are waiting with bated breath for this new era to dawn.
