The Bitcoin price has reached a new milestone, reaching a new all-time high (ATH) for the second time this year. In the process, the flagship crypto has also moved past Amazon’s stock to become the fifth-largest asset by market cap. Analysts like legendary trader Peter Brandt predict that BTC will still reach new highs in the coming months.
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Bitcoin Price Hits New All-time High
CoinMarketCap data shows that the Bitcoin price has hit a new all-time high, surging past its previous ATH of $109,100 to reach $109,487. The leading crypto surged from its intraday low of around $105,135 to hit this milestone and looks poised to still reach new highs on this upward trend.
Following the rally to a new ATH, Bitcoin moved past Amazon’s stock and is now the fifth-largest asset by market cap. The crypto asset boasts a market cap of $2.13 trillion and is only behind gold, Microsoft, Nvidia, and Apple in the standings.
The Bitcoin price surge to a new ATH comes amid heavy accumulation by institutional investors. As CoinGape reported, inflows into the BTC ETFs have skyrocketed over the last couple of weeks, with BlackRock’s IBIT now holding over 636,000 BTC. The ETF has recorded 24 days of inflows in the last 25 days.
Meanwhile, corporate firms are also accumulating more BTC than ever before. Strategy, the public company with the largest holdings, bought 7,390 Bitcoin last week, bringing its total holdings to 576,230 BTC.
Meanwhile, Japanese firm Metaplanet added 1,004 BTC this week and now holds 10,000 BTC. Firms like Basel Medical Group are also looking to acquire Bitcoin for their treasury reserves.
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Breaking: Bitcoin Price Breaks All Time High, Moves Past Amazon To Become Fifth Largest Asset
The Bitcoin price has reached a new milestone, reaching a new all-time high (ATH) for the second time this year. In the process, the flagship crypto has also moved past Amazon’s stock to become the fifth-largest asset by market cap. Analysts like legendary trader Peter Brandt predict that BTC will still reach new highs in the coming months.
Advertisement
Advertisement
Bitcoin Price Hits New All-time High
CoinMarketCap data shows that the Bitcoin price has hit a new all-time high, surging past its previous ATH of $109,100 to reach $109,487. The leading crypto surged from its intraday low of around $105,135 to hit this milestone and looks poised to still reach new highs on this upward trend.
Following the rally to a new ATH, Bitcoin moved past Amazon’s stock and is now the fifth-largest asset by market cap. The crypto asset boasts a market cap of $2.13 trillion and is only behind gold, Microsoft, Nvidia, and Apple in the standings.
The Bitcoin price surge to a new ATH comes amid heavy accumulation by institutional investors. As CoinGape reported, inflows into the BTC ETFs have skyrocketed over the last couple of weeks, with BlackRock’s IBIT now holding over 636,000 BTC. The ETF has recorded 24 days of inflows in the last 25 days.
Meanwhile, corporate firms are also accumulating more BTC than ever before. Strategy, the public company with the largest holdings, bought 7,390 Bitcoin last week, bringing its total holdings to 576,230 BTC.
Meanwhile, Japanese firm Metaplanet added 1,004 BTC this week and now holds 10,000 BTC. Firms like Basel Medical Group are also looking to acquire Bitcoin for their treasury reserves.
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