Bitcoin continues to set new price records, breaking above $ 35,000 for the first time on Jan. 5.
After setting its previous record of around $ 34,800 on Jan. 3, BTC posted a rapid retracement to $ 28,000 the following day.
However, the crash was short-lived. BTC rebounded quickly, hitting new all-time highs above $ 35,800 at around 4:30 a.m. (UTC).
Bitcoin has risen around 80% since breaking new highs on December 16, and is up 22% in seven days.
BTC / USDT 1H chart, Binance: TradingView
The new record was released a day after the U.S. Currency Auditor’s Guide was published, in which nationwide chartered banks gave the green light to using stablecoins and public blockchains to settle
In addition to the recent push from BTC, Ethereum has also pushed back above USD 1,100 and gained 44% in the past week.