Bitcoin (BTC), the most important cryptocurrency by market capitalization, is prone to hit report highs on greater than 70 days this 12 months, greater than triple final 12 months’s quantity, if the worth continues to reflect 2017’s efficiency.
It is already on the best way, hitting $109,000 on Jan. 20, the day of President Donald Trump’s inauguration. In 2024, it made 23 information, essentially the most since 2017, when it touched all-time highs on 77 days. This 12 months, the worth motion appears to be monitoring the trajectory of eight years in the past.
Report highs appear to elicit completely different reactions in crypto and conventional monetary markets. Usually, when bitcoin breaks to a brand new excessive, the market is deemed overheated, grasping and overpriced. Property corresponding to gold and equities, nevertheless, usually lengthen their bull runs. Gold made new all-time highs no less than 33 occasions in 2024.
Bitcoin ATH per 12 months: (Supply: Glassnode)
