{"id":134316,"date":"2021-01-06T10:04:57","date_gmt":"2021-01-06T04:34:57","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=134316"},"modified":"2021-01-06T10:22:16","modified_gmt":"2021-01-06T04:52:16","slug":"bitcoin-shoots-past-35000-as-yet-another-resistance-level-falls","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-shoots-past-35000-as-yet-another-resistance-level-falls\/","title":{"rendered":"New ATH Alert: Bitcoin shoots past $35,000 as yet another resistance level falls"},"content":{"rendered":"

Bitcoin’s price seems to be showing no signs of stopping any time soon. After having breached one resistance level after another over the past few weeks, Bitcoin today breached another, the $35,000-mark, attaining a new ATH in the process. Bitcoin’s latest price surge came on the back of an 8.9% surge over 12 hours.<\/p>\n

It should be noted, however, that after going past the $33k price range on 2 January, Bitcoin’s market saw a sell-off that later pushed the cryptocurrency’s price all the way down to $30,650. Since then, however, the price has managed to climb back up on the charts, with BTC now claiming a position above $35k.<\/p>\n

\"\"<\/a>
Source: BTC\/USD<\/a> on TradingView<\/figcaption><\/figure>\n

At press time, Bitcoin was being traded at $35,419 and had a market capitalization of $650 billion. Over the last 365 days, BTC was observed to have grown by 374%, a period that also saw the cryptocurrency fall to $4,000 on the charts.<\/p>\n

The phenomenal increase in BTC’s price has been driven by institutional investors who now account for a huge portion of Bitcoin\u2019s hodlers over the past year.<\/p>\n

The most recent additions to this growing list include Skybridge Capital, with investments of $25 million in December 2020, and MassMutual, with investments of $100 million in Bitcoin, in the same month.<\/p>\n

As expected, the institutions that took huge positions in the crypto-asset earlier in the year have already recorded significant returns on their investments. Most notably, Microstrategy recorded gains upwards of $1 billion on its Bitcoin investment.<\/p>\n

As popular Bitcoin proponent Anthony Pompliano was quick to note,<\/p>\n

“There is just not enough Bitcoin available for all the institutions that want to own some now.”<\/p><\/blockquote>\n

According to Pompliano, the price has to continue to move upwards in order to accommodate everyone who wants to own the crypto-asset.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s price seems to be showing no signs of stopping any time soon. After having breached one resistance level after another over the past few weeks, Bitcoin today breached another, the $35,000-mark, attaining a new ATH in the process. Bitcoin’s latest price surge came on the back of an 8.9% surge over 12 hours. ItContinue reading “New ATH Alert: Bitcoin shoots past $35,000 as yet another resistance level falls”<\/span><\/a><\/p>\n","protected":false},"author":36,"featured_media":134317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[],"class_list":["post-134316","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nNew ATH Alert: Bitcoin shoots past $35,000 as yet another resistance level falls - AMBCrypto<\/title>\n<meta name=\"description\" content=\"It should be noted, however, that after going past the $33k price range on 2 January, Bitcoin's market saw a sell-off that later pushed...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ambcrypto.com\/bitcoin-shoots-past-35000-as-yet-another-resistance-level-falls\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New ATH Alert: Bitcoin shoots past $35,000 as yet another resistance level falls - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Bitcoin's price seems to be showing no signs of stopping any time soon. 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