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Bitcoin Hits $25K for First Time Ever, Approaches $26K
The event happened just a week after the leading cryptocurrency broke $24,000.
Updated Sep 14, 2021, 10:48 a.m. Published Dec 26, 2020, 3:40 a.m. 1 min read
The price of bitcoin topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time.
- The price of the leading cryptocurrency continued its recent torrid pace, breaking $25,000 Friday night for the first time, and setting a new all-time high of $25,914.46 Saturday morning, before falling back to $25,669.62, up 6.18% on the day. Year to date, BTC is up more than 250%.
- Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 million in December); MassMutual ($100 million in December); and Guggenheim (up to 10% of its $5 billion macro fund).
UPDATE (Dec. 26, 16:29 UTC): Adds new all-time high.
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XRP lost a key support zone after another failed breakout attempt, with traders now watching whether the months-long compression pattern resolves lower.
What to know:
- XRP slipped below the $1.35 level after a failed breakout near $1.36, reinforcing short-term bearish momentum within a recently tight trading range.
- Traders are focused on the $1.30 to $1.31 support zone, where a decisive breakdown could open downside risk toward roughly $1.14.
- Analysts remain divided on whether XRP’s structure...
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