Начало Useful Bitcoin Nears USD 26K After Smashing USD 25K On The Same Day


Bitcoin Nears USD 26K After Smashing USD 25K On The Same Day

The most popular cryptocurrency, bitcoin (BTC), is on a Christmas bull run as its price hit USD 25,000 for the first time in its history today and jumped to almost USD 26,000.

At the time of writing (17:16 UTC), BTC trades at USD 25,813 and is up by 7% in a day and in a week. The price rallied by 52% in a month and 255% in a year. BTC hit USD 20,000 ten days ago.

Other coins from the top 10 club are up by 2%-5%, except chainlink (LINK), that is down by almost 2%, and litecoin (LTC), that rallied by 10% today.

"What we’ve witnessed during the last few months is just how amenable high-profile investors appear to be to the bitcoin pitch. An analogy I keep coming back to is that of a focus group—you take a small sample and expose them to a certain idea or concept, and you study their reactions," Eric Wall, Chief Investment Officer (CIO) at Arcane Researchsaid.

According to him, if the focus group members are representative of a larger demographic, the group’s reactions can be expected to reflect the views of that larger demographic.

"The results are now in; the pitch is working," he added.

However, according to the CIO, giving an exact price call for a new bull cycle is "rather baseless guesswork" as the peak will entirely depend on "how intense the hysteria gets at its climax."

 / cryptonews.com /


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