NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?

Bitcoin Tramples Its 2017 Record High on Booming Institutional Adoption

Yashu Gola
Yashu Gola
1 year ago
2 mins read
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin achieved a new milestone on Monday.

The flagship cryptocurrency hit a fresh record high for the first time in three years as traders increased their bids in hopes of earning big profits. It was trading as high as $19,864 during the US session, up 9.16 percent on the day. That trampled its 2017 record high of $19,666, according to data fetched by Coinbase exchange.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin is rallying relentlessly for the last 10 months. Source: BTCUSD on TradingView.com
Bitcoin is rallying relentlessly for the last 10 months. Source: BTCUSD on TradingView.com

The surge came as a part of a bigger and broader rally that started in March 2020. In the month, the Federal Reserve and other central banks injected trillions of dollars into their capital markets. The move weakened the US dollar’s purchasing power.

Meanwhile, the banks also introduced ultra-low interest rates while committing to purchase Treasuries endlessly. That pushed the real yields of the safest government bonds lower, prompting investors to seek profits in riskier assets. Bitcoin, the riskiest among them all, benefited as a result. It surged by up to 415 percent between March and today.

Bitcoin Meets Wall Street

Many analysts agreed that the latest rally came in response to investors’ fears of inflation, coupled with an unsettling gold market.

Guggenheim Partners, a Wall Street investment firm, said it could invest up to $530 million into BTC via Grayscale’s Bitcoin Trust. Meanwhile, Real Vision Group CEO Raoul Pal, who was earlier critical of Bitcoin, switched sides by announcing that he is reshuffling his entire gold portfolio into the cryptocurrency market.

“Ok, [the] last bomb,” he tweeted, “I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I don’t own anything else (except some bond calls and some $’s). 98% of my liquid net worth.”

Cameron Winklevoss, the co-founder of Gemini, a cryptocurrency exchange in the United States, said:

“Bitcoin is an emergent store of value that defends against inflation and has the potential to unseat gold. This means it could appreciate 25x in value from $19K. No other liquid asset in the universe can credibly offer this magnitude of asymmetric payoff in the next decade.”

The sentiment allowed Bitcoin to break above major resistance levels in a row on Monday. Nevertheless, the cryptocurrency also pulled back lower after topping out, led by short-term profit-taking behavior among daytraders.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin price

Volatility Loading: Dogecoin Eyes Explosive Path To $3

Dogecoin sits on a knife-edge defined by a tight 4h range and a larger weekly triangle—two structures that now bracket...

Jake Simmons 3 hours ago
Shiba Inu

Shiba Inu Might Be ‘Dead And Sleeping’, But Not For Long, Crypto Expert Says

Shiba Inu (SHIB) continues to trade in a tight band, and that has kept many investors on edge. Based on...

Christian Encila 5 hours ago
XRP futures volume explodeert - positief Ripple nieuws voor de crypto koers in november

XRP futures volume explodeert – positief Ripple nieuws voor de crypto koers in november

De Ripple koers steeg flink nadat het handelsvolume in XRP futures op de Chicago Mercantile Exchange (CME) explosief steeg. Volgens...

Lars Diederiksen 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Heat Macro Phase Signals Accumulation Before Next Growth Wave

Bitcoin Heat Macro Phase Signals Accumulation Before Next Growth Wave

Sebastian Villafuerte 35 minutes ago
$XRP, 3달러 돌파하나…베스트월렛 토큰 사전판매 1,660만 달러 돌파하며 랠리 기대감 고조

트럼프 관세 여파 속 리플 침체… 구글 AI ‘제미니’ 4달러 돌파 전망 제시

Soyeon Lee 1 hour ago
Dogecoin

Why The Dogecoin 3.49% Annual Inflation Is Actually Not A Bug

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後 の価格見通し:ETF資金流入が加速、10月に再上昇の兆しか

    イーサリアム 今後...

    5 hours ago
  • ビットコイン 今後 を巡る論争:CZとピーター・シフが「トークン化ゴールド」で激突

    ビットコイン 今後...

    5 hours ago
  • シバコイン 今後 の展望:眠れるコインが爆発的上昇を見せる可能性

    シバコイン 今後...

    5 hours ago
  • パイネットワーク 価格 の行方:不透明な市場の中で新興プロジェクトが急伸

    パイネットワーク 価格...

    6 hours ago
  • ドージコイン 今後 の展望:0.205ドルの抵抗線を突破か、新興ミームトークンが急騰予測

    ドージコイン 今後...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.