Bitcoin's Record Breaking Week

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Avatar for Bnthanny1
4 years ago

Bitcoin celebrated a huge milestone this week, hitting 65 consecutive daily closes above $10,000 (and counting). This surpasses the previous record of 61 days, set during the infamous 2017 bull run. Have we had our last chance to buy sub-$10k bitcoin?    On the whole though, it’s been a relatively quiet week for bitcoin. There was another push towards $11,000 again on Monday, though a fresh sell-off kept the excitement at bay for the time being. Unfortunately, this sell-off followed a drop in the global stock market, suggesting the two are still closely correlated. This could be a particular concern given the turbulence promised by November’s US election and the ongoing uncertainty surrounding COVID-19.

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