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Bitcoin remains a cryptocurrency star as it hits new levels with a fresh all-time high

Bitcoin reached US$66,923 before dropping a few hundred dollars. (Image source: Executium)
Bitcoin reached US$66,923 before dropping a few hundred dollars. (Image source: Executium)
Bitcoin has reached a new high, having returned to over US$60,000 last week. Now, the cryptocurrency has appreciated to a few dollars off US$67,000 as it nears US$70,000. US$100,000 per coin no longer seems that far away.

Earlier this year, Bitcoin breached the US$63,000 mark, a record at the time. It took the cryptocurrency another six months to return to over US$60,000 mind you, as reported last week. Now, the market has pushed Bitcoin even further and above US$66,000.

At the time of writing, Bitcoin is hovering at approximately US$66,500 per coin, having peaked at US$66,923. For context, Bitcoin was at US$11,889 a year ago, with it on a steady rise from about September 2020. As it stands, today marks a new all-time high (ATH) for Bitcoin, although it is still far from the value of its Genesis Block in 2009.

Incidentally, total assets under management across all digital asset investment products reached US$72.3 billion by the end of last week. Hence, those figures will have increased just with Bitcoin's upwards movement alone. As it stands, the top ten cryptocurrencies are increasing in value, ranked: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Tether (USDT), Ripple (XRP), Solana (SOL), Polkadot (DOT), Dodgecoin (DOGE) and USD Coin (USDC). Bitcoin's next milestone is US$70,000, but commentators are already speculating that the cryptocurrency could tick up to US$100,000 before the end of the year.

Source(s)

WSJ & Bitstamp, Executium - Image credit

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Alex Alderson
Alex Alderson - Senior Tech Writer - 5695 articles published on Notebookcheck since 2018
Prior to writing and translating for Notebookcheck, I worked for various companies including Apple and Neowin. I have a BA in International History and Politics from the University of Leeds, which I have since converted to a Law Degree. Happy to chat on Twitter or Notebookchat.
contact me via: @aldersonaj
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 10 > Bitcoin remains a cryptocurrency star as it hits new levels with a fresh all-time high
Alex Alderson, 2021-10-20 (Update: 2021-10-20)