Bitcoin continued its ascent on Monday morning, achieving yet another all-time high in its price record. The leading cryptocurrency reached nearly $122,600 on Bitstamp, with analysts suggesting that this is just another stepping stone on the path to even higher highs.
Bitcoin has continued its rise to all-time high prices on Monday morning, having reached yet another record after a week that saw the prime cryptocurrency score high gains. The BTC price reached $122,600 on Bitstamp in a move that crypto analysts qualified as just another number in the road to higher highs.
Former Binance CEO Changpeng Zhao reflected on the price hike on social media. “After I bought bitcoin in 2014, it took 3 years to reach an ATH of $1000 again in Jan 2017. We were excited. Now, that is just a small fraction, less than 1%,” he stated, showing confidence in bitcoin’s future.
“Today, you might be excited by the current ATH. In a few years, this will be just a fraction,” he concluded.
Bitcoin’s rise defies the current geopolitical and macroeconomic conditions, with the Trump administration having recently enacted high unilateral tariffs that could negatively influence capital markets this week.
Source: Bitcoin
