After being stuck around $66,000, bitcoin initiated an impressive leg up, added $3,000 of value in minutes, broke its previous all-time high, and registered a new one at $69,000.
CryptoPotato reported less than 48 hours ago when the primary cryptocurrency broke its October ATH of $67,000 and painted a new all-time high at $68,600 (on CoinGecko).
The asset calmed in the following day and a half and remained around $66,000 following a minor retracement.
However, it seems the highly bullish Q4 2021 run will not be stopped this easily, and BTC went on the offensive once more.
In just a matter of minutes, the cryptocurrency skyrocketed by $3,000 and registered a new all-time high of $69,000 (on Bitstamp).
Despite retracing by a few hundred dollars since the latest peak, bitcoin’s market capitalization has neared $1.3 trillion for the first time.
According to 8MarketCap, the cryptocurrency is now the 8th largest asset in the entire world, surpassing Tesla and Meta (Facebook).
Bitcoin is also very close to silver, with roughly $100 billion separating the two. Further above are situated Amazon, Google, Saudi Aramco, Apple, Microsoft, and gold.