Altcoins Show Signs Of Increase As Bitcoin Exceeds $ 22k

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Bitcoin price exceeded $ 22,000 for the first time in history! Cryptocurrencies such as Ethereum (ETH), Ripple (XRP) have been on the rise since the morning hours.

Bitcoin continues its rise, which started yesterday. On December 16, Bitcoin broke a historical record. A few hours later, BTC reached another ATH, surpassing the $ 22,000 level. With the $ 22,207 mark reached today, it settled on the peak that has not been seen for many years. A new era has begun in the cryptocurrency world. The cryptocurrency community is happy to celebrate this important event. The #Bitcoin hashtag on Twitter‘s trending list. Everyone enthusiastically awaits the next barriers to be overcome.

Bitcoin broke the significant $ 20,000 and $ 21,000 levels consecutively yesterday. Now it has exceeded $ 22,000. Yesterday, analysts had stated that if BTC exceeds $ 20,000, it could rise rapidly. The factors that separate the current rally from 2017 could lead to further appreciation of Bitcoin. These factors include the increase in institutional demand, the more seen as a means of storage of value, and so on.

Bitcoin performed incredibly in 2020. Especially in the last months. The crypto market-dominant (65.1%) currency even surpassed the gold and S&P 500 indices with its performance this year. The cryptocurrency has gained 15.07% in the last 24 hours. Historical records are on display just before 2021. According to CoinMarketCap data, BTC is trading around $ 22.336 as of the time of publication.

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Altcoins Show Positive Signs

EthereumEthereum (ETH) has also been talked about a lot, following the tremendous rise of Bitcoin. It was trading around $ 594.00 just before Bitcoin’s new high. Along with the Bitcoin record, it spiked to $ 622,92. Thus, Ethereum reached its highest level in the last two weeks. It is now trading at $ 642, with a 9.83% gain in the past 24 hours.

XRP – Bitcoin ATH also positively affected XRP. Ripple, which has been in a bearish trend since December 12, is up. XRP price, which hovered around $ 0,4583, rose to the $ 0,5132 level with a sudden movement. XRP is trading at $ 0.557 as of writing, up 22.97% in the last 24 hours.

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