Skip to content

Bitcoin hits another all-time high as the price hits $25,000 on Christmas eve.

The domain name SwipeBTC.com is now available for sale at Coinnounce. You can acquire the domain name by following a simple f
The domain name SwipeBTC.com is now available for sale at Coinnounce. You can acquire the domain name by following a simple few steps.

Bitcoin’s price hit $25,000 while it was still December 25 in the U.S., it was actually December 26 when the Asian bulls set a new historical record for the leading cryptocurrency. The milestone occurred at 3:00 am UTC, in the middle of a hectic trading day in Asia, on December 26. Bitcoin started the day with a brief correction in the middle of a bullish trend. The price of bitcoin retraced a little after reaching $25,000 for the first time.

Bitcoin peaks on Christmas eve.

As of this writing, Bitcoin was trading at $24,789—which is still a great Christmas present for hodlers and enthusiasts after a year full of crazy and difficult events. Many believe that the current bull run appears to be different than the one experienced in 2017. The pace looks much healthier and more stable. The massive institutional investments and broader adoption by a larger public seem to be part of the fundamentals behind this bull run. So bitcoin bulls will also have a happy new year to celebrate, too.

Bitcoin continues to maintain a positive rally.

Bitcoin reached its all-time high on Christmas eve this year as the price broke above the $25,000 mark for the first time. Several factors boosted the price of the leading cryptocurrency to all-time highs. The institutional investment into the leading cryptocurrency has played a significant role in the recent bitcoin rally. Microstrategy bought worth $1 billion bitcoin this year. Several billionaires and big institutions have shown interest in bitcoin. Mainstream adoption of bitcoin has also increased this year amid the ongoing pandemic.

Latest