Bitcoin scales past $107,000 to hit new record high; Altcoins trade mixed
BTC touched an all-time high of $107,780 and was trading 1.9% higher at $106,482 in the past 24 hours as of 10:16 AM IST. Ethereum, the second-largest cryptocurrency, also gained 1.4%, trading at $4,006 during the same period.
«Investor enthusiasm remains robust, as evidenced by Bitcoin's continued ascent. Additionally, discussions in India's Lok Sabha regarding the upcoming cryptocurrency regulation bill have added to the market's optimism,» said Shivam Thakral, CEO of BuyUcoin.
Meanwhile, Edul Patel, CEO of Mudrex, added, «Bitcoin continues its upward momentum, hitting a new all-time high of $107,700, driven by institutional buying. Semler Scientific added 211 BTC worth $21.5 million, while MicroStrategy acquired 15,350 BTC for $1.5 billion, showcasing institutional confidence in the market.»
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View Details»«Currently trading at $106,300, Bitcoin faces resistance at $108,900, with strong support at $101,700,» Edul said.
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