Bitcoin Price Today: Latest Updates As Cryptocurrency Hits All-Time High

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Bitcoin crashed over the weekend to below $ 34,000, after hitting a new high last week above $ 42,000.

The latest price stays up when put into context with the past few weeks and months, with the price steadily rising over the past nine months, dropping from less than $ 5,000 last March.

Other major cryptocurrencies, including ethereum (ether), litecoin, and bitcoin cash, have also seen massive gains in recent months, with some analysts predicting it may still be just the earliest stages of a major bull run.
The last major bull run in 2017 saw the price of bitcoin jump from a few thousand dollars to around $ 20,000, but it was followed by a painful correction.
The notoriously volatile market is prone to sharp moves, as was demonstrated earlier this week when bitcoin fell around $ 6,000 in the space of a few hours.
Follow all the latest market news, analysis and forecasts here.

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Bitcoin price crashes

The price of bitcoin fell $ 8,000 over the weekend, briefly dropping below $ 34,000.
The cryptocurrency has since recovered somewhat and is currently trading above $ 35,000.
Remarkably, despite the latest price collapse, bitcoin is still up 10% since last week.
Anthony CuthbertsonJanuary 11, 2021 8:46 AM
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Expert feedback

We reached out to market analysts and cryptocurrency experts to get their take on the latest breach of the latest $ 40,000 milestone.


Bitcoin smashing $ 40,000 proves the Covid crisis is powerful enough to change the monetary order in place. The new all-time high is palpable proof of a major social conversion – a metamorphosis from a dollar-dominated economy to blockchain-based, deflationary and unlimited finance.

Antoni Trenchev, co-founder and CEO of Nexo



The US $ 40,000 mark is the latest in a series of benchmarks that testify to the confidence building in Bitcoin as more and more people recognize it as a reliable alternative store of value to that used for decades. generations. .

Some estimate that the value of all the money in the world is around $ 90 trillion. The more people feel that their assets, especially their cash such as fiat currencies, are eroding, the more they will look for alternatives.

Geoff Morphy, President of Bitfarms



Bitcoin hitting $ 40,000 is a historic milestone in a series of several recent historic milestones.

Not long ago, people wondered whether bitcoin could compete with or replace gold as a store of value. Now, a number of institutions are actually choosing bitcoin over gold. In turn, this created a network effect propelling the adoption into exhaust speed.

We must continue to be aware that BTC and other cryptocurrencies are volatile assets. On January 4, BTC fell 17% in one day, but quickly recovered and has now hit the $ 40,000 mark. This is just one of the many examples where BTC quickly recovered from a sharp drop in price, indicating that we are probably only at the beginning of a long upward price path. term.

JC, (CO) to Komodo

Anthony CuthbertsonJanuary 8, 2021 10:31 AM
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Up 36% in 7 days

Bitcoin came back below $ 40,000 overnight, but not by much.
The cryptocurrency remains up 7% from this hour yesterday, and a remarkable 36% from last week.
Anthony CuthbertsonJanuary 8, 2021 10:16 AM
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40 000 $

Bitcoin has just reached a new all-time high, this time a major milestone.
Anthony CuthbertsonJanuary 7, 2021 6:34 PM
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Bitcoin hits new all-time high

Bitcoin hit a new all-time high for the third time this week, surpassing $ 37,700 on Thursday morning.
How Bitcoin’s Fortune Has Evolved Since 2013

(The independent)

Anthony CuthbertsonJanuary 7, 2021 11:17 AM
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A trillion dollars

The combined market capitalization of all cryptocurrencies topped $ 1 trillion for the first time.
Anthony CuthbertsonJanuary 7, 2021 11:16 AM
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On the way to surpassing Apple and Google?

As bitcoin continues to trade at near record highs, market analysts and cryptocurrency experts have shared their reaction to the latest price movements with us.
Here’s what they have to say:


The king of crypto is set to outperform the market caps of Apple, Google and Facebook.

The rush of institutional investors into the fray with Bitcoin buy orders is a blatant recognition of the quantum leap that Bitcoin technology represents.

Paolo Ardoino, CTO of Bitfinex



The price of Bitcoin rose with only a few short interruptions for three consecutive weeks.

I think bitcoin hasn’t given it everything yet. The coin’s past behavior indicates that the cycle is still far from over and I expect bitcoin to not only return to previous highs, but to reach $ 50,000 by the end of this quarter. .

At the end of the year, I expect the coin to be around $ 90,000.

Konstantin Anissimov, Executive Director, CEX.IO

Anthony CuthbertsonJanuary 6, 2021 6:11 PM
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Bitcoin market capitalization comparison

In the wake of the latest price spike, here’s how the overall market value of bitcoin compares to other assets:
(CompaniesMarketCap)
Anthony CuthbertsonJanuary 6, 2021 10:42 AM
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RUPTURE

Bitcoin has just broken a new all-time high.
Anthony CuthbertsonJanuary 6, 2021 9:23 AM
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JPMorgan strategists predict more to come

The nine-month Bitcoin market boom may just be the start of a much bigger price rally, according to strategists at JPMorgan Chase & Co.
A note from the investment banking giant predicted it could rise another 4.6 times to $ 146,000.
This is the second bullish prediction made by analysts at a Wall Street bank in recent months, following an even bolder forecast of $ 300,000 in a Citibank report.
Read the full story here:
Anthony CuthbertsonJanuary 5, 2021 1:18 PM

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