It’s finally happened. Bitcoin has managed to break past its previously-set all-time high, pushing up to $62,596 at the time of writing according to CoinGecko. As is the custom when Bitcoin goes up, many other altcoins went up along with it. BNB reached yet another ATH yesterday, and Ripple managed to reach a staggering $1.6 in price.
Bitcoin Breaking To New ATHs
Bitcoin’s been pushing against the $60,000 price range for some time now. On Saturday, the asset managed to break out past it, but suffered another dump to significantly under it on Sunday. However, Bitcoin bulls are nothing if not persistent. The asset price has been pushing upwards at a consistent pace since yesterday, and yet another ATH was achieved as a result.
Bitcoin stands at above the $62.5K range, according to Coingecko. This happened after it corrected once more from $61,500 down to $60,900. At the time of writing, the price seems to be dipping just so slightly once more, but the asset has managed to rise by a staggering 809.6% since the start of 2021.
Altcoins Getting Good Price Actions
At the same time, the altcoin space has seen some impressive gains thanks to a sudden spike in volatility across these past few days. Ethereum, the second-biggest cryptocurrency out there, managed to reach a new high of $2,228 before subsequently being corrected back to $2,214 at the time of writing.
Binance coin stands as the third-largest cryptocurrency by market cap, and saw a surprising amount of fluctuation today. It can be speculated that this increase in volatility is due to Binance launching tradable stock tokens, or the anticipation of the 15th BNB burn, or both, but the end result is the asset managing to jump from $560 to $610. At the time of writing, BNB is standing at a price of $538, having seen various corrections since the daily high
Ripple Still Hanging On And Thriving
What’s interesting is Ripple’s ongoing positive price action. It’s no secret that the token is facing legal trouble against the SEC thanks to an ongoing legal battle, yet the token managed to gain massive value in spite of it, or maybe even because of it. The coin is standing at a brand-new 3-year high, trading hands at $1.6 apiece.
Time will tell if Bitcoin can manage to stay above the $60,000 mark this time. If it doesn’t, then it’ll undoubtedly fall back down below it only to try again. Bitcoin bulls are a very persistent lot, it seems