Data from price trackers including Bitcointicker and TradingView showed BTC/USD ascending through the $18,000 range to add $500 in an hour during Tuesday trading. The move is significant, marking Bitcoin’s highest price since December 18, 2017 — the height of its record-breaking bull run to $20,000. It follows a day of mixed performance, with $18,000 holding as support.
BTC prices have risen by 9.7% over the past week, gains that aren’t to be sniffed at. But this pales in comparison to the 31.8% surge in ETH over the same period, with XRP climbing by a staggering 113.25%.
“Early next year we’re going to allow cryptocurrencies to be a funding source for any transaction happening at all 28 million of our merchants, and that will significantly bolster the utility of cryptocurrencies," Schulman said.
Bitcoin is taking aim at $19,000 as the week begins—can more major levels flip to support or will the market see a major correction? After a fairly volatile weekend, BTC/USD is circling $18,500 in Monday trading prior to Wall St. opening bell. $19,000, however, remains untouched.
