The all-time high price record, which came after the Bitcoin price climbed above $106,000 overnight, was broken again in the last minutes.
According to Binance data, the world's largest cryptocurrency broke its all-time high price record at $106,648 at 03:39 last night. With the latest rise, it was updated to $106,866.
The reason for the rise is thought to be the cryptocurrency-friendly President Donald Trump's inauguration on January 20, the Fed's interest rate cut on Wednesday, and the general positive atmosphere in the cryptocurrency market.
With the incoming bull rally, the BTC price gained 2% in the last 24 hours.
On the other hand, the big rally in question has not yet fully shown itself in altcoins. Most altcoins have not shown double-digit increases in the last 24 hours. Among the top 100 cryptocurrencies, altcoins with double-digit appreciation were recorded as VIRTUAL and BGB.
On the other hand, there was a short-term pump for Ripple’s XRP due to the news that the RLUSD stablecoin will be launched on December 17. The world’s largest altcoin, Ethereum, is trading just below the $4,000 mark.
*This is not investment advice.
