Bitcoin Tops $21K, Blowing Past $20K Record as Analysts Remain Confident of Future

Bitcoin Tops $21K, Blowing Past $20K Record as Analysts Remain Confident of Future

After testing investor patience for three weeks, bitcoin surged past $20,000 to reach fresh all-time highs and is currently trading above $21,000.

The number one cryptocurrency by market value jumped over the key psychological threshold during the early U.S. trading hours, surpassing the previous peak price of $19,920 recorded on Dec. 1. At the current price of $21,123, is up 8.8% over 24 hours, according to CoinDesk’s Bitcoin Price Index (BPI).

Bitcoin’s value has doubled in the past three months and the institutional-led rally . Meanwhile, other prominent cryptocurrencies such as , and are still down 58% to 88% from their respective lifetime highs reached three years ago.

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