CRYPTONAIRE
WEEKLY CRYPTO investment journal
Bitcoin Hits a New All-Time High on 3 Exchanges, 100% of BTC Holders in Profit
Yes, we finally did it. Bitcoin hit an all-time high today on a few exchanges. When last week, the market was expecting new highs, the digital asset fell to $16,300, and this week, when another pullback has been expected, Bitcoin hit a new all-time high. Bitcoin hasn’t breached $20,000 yet on spot exchanges, but on several exchanges, a new peak has been set. Three cryptocurrency exchanges recorded a new ATH today that involves Binance, Bitstamp, and Kraken by breaking above $19,798, $19,666, and $19,660, respectively. We have yet to make a new high on Coinbase, Bitfinex, Gemini, and BitMEX. While BTC hasn’t hit the sweet $20k yet, we hit it on Bakkt and CME’s futures market. In the immediate dip after the pump to new highs, which has BTC currently trading around $19,150, Kraken actually saw Bitcoin going as low as $16,600, unlike other exchanges where BTC only went about $19,000 level. With these gains, 100% of Bitcoin’s circulating supply is currently in profit. Read more...
Cryptonaire Weekly | December 1st 2020
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