Bitcoin (BTC) returned to records on December 30th after a fresh bounce broke the all-time high of $ 28,400.
BTC price nails fresh all time high
Data from Cointelegraph Markets and TradingView showed that BTC / USD hit its existing historical spike during Wednesday’s trading.
In a strong overnight resurgence, Bitcoin confirmed it had no time for bears after briefly falling to $ 25,830 in the past 24 hours.
Daily gains were 7.5% at press time when $ 28,560 became a reality.
BTC / USD 1 hour candle chart (Bitstamp). Source: TradingView
The move brings Bitcoin closer and closer to sealing $ 30,000 as a new psychological level before the end of the year, which seemed all but impossible just a week ago.
However, as Cointelegraph reported, analysts still believe that a reversal could reduce the largest cryptocurrency to the existing support of $ 19,500.
On Tuesday, Cointelegraph Markets analyst Michaël van de Poppe highlighted $ 27,500 as a critical area to pave the way for new all-time highs.
The ether price leads to altcoin gains
The effects on the altcoins with large market caps were clearly felt. Ether (ETH) approached $ 740 after rising 5.5% that day.
Polkadot (DOT) increased the existing strength to achieve a weekly performance approach of 50%.
As before, the exception was XRP, which sustained daily losses of 10% as continued delistings from major exchanges continued to weigh on sentiment. Even so, the troubled coin managed to win back $ 0.20.
