Bitcoin's rise today may have been due to expectations related to the publication of FED announcements.
Bitcoin finally overcame the very important psychological resistance of $ 20,000 that was attacked several times over the past two weeks and thus established its new ATH. When the FED adverts were published, the Bitcoin price was USD 20,626, an increase of 6% in the last 24 hours. In the last 30 days, the price has increased by 28%. The market capitalization of Bitcoin has also hit a new record and now stands at $ 367 billion.
The whole situation on the Bitcoin chart looks like a bearish surrender. On the Bitfinex exchange, large sell orders are currently only trading at levels between $ 21,000 and $ 25,000.
The cryptocurrency community today celebrates a new all-time high (ATH) and compares the current boom with 2017, when Bitcoin set its old record on December 16 (exactly three years ago).
This time, however, everything looks different than three years ago. First of all, the share of institutional investors and the global economic situation speak for the further continuation of Bitcoin's growth.