Bitcoin (BTC) continued its habit of reaching full-time highs almost every day on January 7, when bulls got the largest cryptocurrency at more than $ 38,000.
The price of BTC exceeds $ 38,500
Data from Cointelegraph Markets, Coin360 and TradingView followed BTC / USD as it cleared a new hurdle for a $ 40,000 psychological landmark.
Growth picked up on Thursday, as bitcoin investors saw a 24-hour return of 11.5%. Just one week before the start of the year, Bitcoin was trading at $ 28,000.
According to Cointelegraph, the largest cryptocurrency, along with Ether (ETH) and many other altcoins, has become the best investment game in 2021, leaving even Tesla stock far behind.
TSLA became the winner for 2020 after the coronavirus crashed in March, with Bitcoin also being defeated by Ether.
Analyst Michael Van de Pope warned Cointelegraph Markets followers on Twitter that “the next amendment will be very painful for all #FOMO buyers”.
XRP is suddenly back from death
Meanwhile, altcoins have experienced a strange boom in the number four cryptocurrency XRP.
XRP has lost a lot of its value in the past due to legal issues with Ripple’s main shareholder, but this week it suddenly appeared and rose from $ 0.23 to $ 0.35 in one day.
1-hour XRP / USD candlestick chart (Bitstamp). Source: TradingView
For Van de Poppe, $ 0.35 now represents a critical level that the bulls should be forced to continue rallying despite no real movement in the experience.
XRP needs to breach this important resistance area to continue moving up. If this does not happen, further integration will be necessary. “