The post Can Bitcoin Maintain Its Record Highs?  appeared on BitcoinEthereumNews.com.

Cryptocurrency is on a bull run. Bitcoin has reached record highs, and it seems that nothing will stop it. We discuss if Bitcoin can maintain its value and even beat it in the article below.  This week saw cryptocurrency start a huge resurgence, particularly Bitcoin. It quickly passed the $106,000 mark, settling at around $105,000. This has been in part down to confidence buoyed by Donald Trump winning the US election and his crypto-friendly comments towards changing legislation. The forthcoming president has even said that he plans to stockpile it, in much the same way oil and gold are kept by the country. Bitcoin’s record high Aside from elections, a lot of its rise has also been down to the fear of missing out. Investors are speculating it may hit $120,000 before the end of the year and even $150,000 by the middle of 2025. This has been backed by Trump making a series of announcements regarding his team, many of which are known to be crypto-friendly. These include entrepreneur David Sacks, former head of PayPal, as his advisor on AI and cryptocurrency. To keep abreast of all these changes and crypto news, follow the action here on cryptotoday.org. There have also been gains for other currencies. Ethereum has moved up in value, as has XRP. Ethereum has been pushing at the psychological $4,000 level, and it is guessed that if it breaks it, it could also enter a market bull run. The decline in recent days Cryptocurrency is always volatile, and when a bull run such as this starts, it inevitably comes with a short cooling-off period. This has been apparent in the past few days. After its record highs, Bitcoin has declined around 8.8% to $93,385. Ethereum has also felt the pinch, moving to $3,150.80. Statements made by the…

---

Filed under: News - @ December 21, 2024 2:10 am