{"id":131721,"date":"2020-12-17T11:14:54","date_gmt":"2020-12-17T05:44:54","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=131721"},"modified":"2020-12-17T11:14:54","modified_gmt":"2020-12-17T05:44:54","slug":"bitcoin-crosses-22000-for-the-second-time","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-crosses-22000-for-the-second-time\/","title":{"rendered":"Bitcoin crosses $22,000 for the second time"},"content":{"rendered":"<p>Bitcoin breached its all-time-high earlier today, crossing $22,000 briefly, before dipping back down to levels around $21,800. It has now crossed $22,000 once more and was trading at $22,091 at the time of writing.<\/p>\n<figure id=\"attachment_131728\" aria-describedby=\"caption-attachment-131728\" style=\"width: 1553px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-131728 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/download-2-1.png\" alt=\"\" width=\"1553\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/download-2-1.png 1553w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/download-2-1-300x167.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/download-2-1-1024x572.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/download-2-1-768x429.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/download-2-1-1536x858.png 1536w\" sizes=\"(max-width: 1553px) 100vw, 1553px\" \/><figcaption id=\"caption-attachment-131728\" class=\"wp-caption-text\">Source: BTC\/USD, TradingView<\/figcaption><\/figure>\n<p>The level of optimism around the world\u2019s largest cryptocurrency was exceedingly high, as many in the crypto community took to Twitter to express their sentiment.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is pumping above 22k. The bulls are getting ready to run wild <a href=\"https:\/\/t.co\/APfK1Ofm99\">pic.twitter.com\/APfK1Ofm99<\/a><\/p>\n<p>&mdash; Tyler Winklevoss (@tyler) <a href=\"https:\/\/twitter.com\/tyler\/status\/1339408302745264133?ref_src=twsrc%5Etfw\">December 17, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin is up 12.5% in the past 24-hours, after breaching its<a href=\"http:\/\/ambcrypto.com\/bitcoin-surges-past-21000-hours-after-20k-breach\/\"> previous<\/a> all-time high only a few hours earlier, crossing $20,000 and then $21,000 shortly after.<\/p>\n<p>At these price levels, BTC futures&#8217; aggregated open interest on major exchanges also hit all-time highs.<\/p>\n<p>On this day, three years ago, Bitcoin crossed its all-time high of $19,700, and by comparing the price charts from 2017 with those of today, this parabolic price rise looks quite similar to the price movement from 2017.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> peak price index <a href=\"https:\/\/t.co\/zEp9akwR3J\">pic.twitter.com\/zEp9akwR3J<\/a><\/p>\n<p>&mdash; ChartsBTC (@ChartsBtc) <a href=\"https:\/\/twitter.com\/ChartsBtc\/status\/1339421883930796032?ref_src=twsrc%5Etfw\">December 17, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to on-chain analyst, <a href=\"https:\/\/twitter.com\/woonomic\/status\/1339274804667400192\">Willy Woo<\/a>, the immense amounts of FOMO buying in the market pushed the price of Bitcoin higher, as they overpowered profit takers and moved the price upwards.<\/p>\n<p>Many anticipated that the market would only get more bullish from here on out, as the price went past previous all-time highs and continues to create a lot of FOMO for investors.<\/p>\n<p>However, there may well be some incremental liquidations at these price levels, as a chart from Crypto Quant confirms that BTC All Exchanges Inflow Mean hits a nine-month high since the sell-off in March.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> All Exchanges Inflow Mean (End-of-day) hit the nine-month-high since the March great sell-off.<\/p>\n<p>View Chart \ud83d\udc49 <a href=\"https:\/\/t.co\/kLek1Plpuo\">https:\/\/t.co\/kLek1Plpuo<\/a> <a href=\"https:\/\/t.co\/kgff0fdW06\">pic.twitter.com\/kgff0fdW06<\/a><\/p>\n<p>&mdash; CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1339431365612212224?ref_src=twsrc%5Etfw\">December 17, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin breached its all-time-high earlier today, crossing $22,000 briefly, before dipping back down to levels around $21,800. It has now crossed $22,000 once more and was trading at $22,091 at the time of writing. The level of optimism around the world\u2019s largest cryptocurrency was exceedingly high, as many in the crypto community took to Twitter<a href=\"https:\/\/ambcrypto.com\/bitcoin-crosses-22000-for-the-second-time\/\">Continue reading <span class=\"sr-only\">&#8220;Bitcoin crosses $22,000 for the second time&#8221;<\/span><\/a><\/p>\n","protected":false},"author":36,"featured_media":131725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,3,4,20],"tags":[],"class_list":["post-131721","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin crosses $22,000 for the second time - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Bitcoin is up 12.5% in the past 24-hours, after breaching its previous all-time high only a few hours earlier, crossing $20,000 and then $21,000 shortly after.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-crosses-22000-for-the-second-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin crosses $22,000 for the second time - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Bitcoin breached its all-time-high earlier today, crossing $22,000 briefly, before dipping back down to levels around $21,800. 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