{"id":453916,"date":"2021-01-06T21:05:54","date_gmt":"2021-01-06T21:05:54","guid":{"rendered":"https:\/\/wncen.com\/?p=453916"},"modified":"2024-10-26T16:53:33","modified_gmt":"2024-10-26T16:53:33","slug":"bitcoin-surpasses-36000-to-set-new-all-time-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-surpasses-36000-to-set-new-all-time-high\/","title":{"rendered":"Bitcoin Surpasses $36,000 to Set New All-Time High"},"content":{"rendered":"

Bitcoin just passed $36,000 for the first time ever in spite of protests in Washington D.C. over the election. The cryptocurrency rapidly dropped as low as $34,000 earlier this hour amid the chaos, though now trades above the $36,000 price point.<\/p>\n

BTC is up 5.5% in the past 24 hours while Ethereum and other cryptocurrencies have moved even higher.<\/p>\n

BTC’s price action comes as the U.S. dollar has continued to slip lower. The Dollar Index is down 0.02% in the past 24 hours, falling to multi-year lows.<\/p>\n

Related Reading: Wall Street Veteran Kickstarts Own BTC Fund With $25m Investment<\/a><\/h6>\n

Bitcoin Moves to New All-Time Highs<\/strong><\/h2>\n

Chris Burniske, partner at Placeholder Capital, says that Bitcoin and the rest of the crypto market needs to pull back to sustainably rally moving forward:<\/p>\n

“1\/ The euphoria is intoxicating, but #crypto is in need of a pullback and consolidation if $BTC wants to reach into the $100Ks and $ETH into the mid-to-high thousands.”<\/p><\/blockquote>\n

He explained that Bitcoin needs to recharge for another wave higher, as the market may be clearly overbought right now.<\/p>\n

He expects to expect a “dissipation” of the current bull trend in the near future to cool the upward trend.<\/p>\n

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1\/ The euphoria is intoxicating, but #crypto<\/a> is in need of a pullback and consolidation if $BTC<\/a> wants to reach into the $100Ks and $ETH<\/a> into the mid-to-high thousands.<\/p>\n

— Chris Burniske (@cburniske) January 6, 2021<\/a><\/p><\/blockquote>\n