Bitcoin (BTC), the largest cryptocurrency by market capitalization, is likely to reach a record high of more than 70 days this year, more than triple last year’s figure, if the price continues to reflect 2017’s performance.
It’s on its way, reached $109,000 on January 20, the day of President Donald Trump’s inauguration. In 2024, it set 23 records, the most since 2017, when it hit an all-time high for 77 days. This year, the price action like being monitored what happened eight years ago.
Record highs seem to be causing mixed reactions in crypto and traditional financial markets. Usually, when bitcoin breaks to a new high, the market is considered overheated, greedy and overpriced. However, assets such as gold and equities, often extend their bull runs. Gold made new all-time highs anyway 33 times in 2024.
