Bitcoin's New ATH, Hits $66.800

The price of bitcoin (BTC), the world's number one cryptocurrency, has reached $66,000, surpassing its all-time high of around $64,800. Currently, the current price of bitcoin is around $ 66,800. Most recently, it reached a new all-time high by surpassing the $64,000 levels it reached in April.

Last week, it was announced that a Bitcoin ETF has been approved for the first time in the US. After this news, BTC passed $ 60,000 in a short time. The positive mood reflected in the crypto money markets with the ETF news maintained its momentum. Thus, Bitcoin surpassed its former peak and reached the level of $ 66,000. As it can be understood, the price of Bitcoin and Ethereum increased with the expectation of ETF at first and then the news of ETF approval.

Bitcoin fell to the level of $ 3000 last year. With the recent rise in Bitcoin price, the price of Bitcoin has increased 22 times in 1.5 years.

Bitcoin's Price Increase In 2021

In 2021, the cryptocurrency market had a volatile year, with institutional firms investing in Bitcoin. Bitcoin, which set a peak above $ 64,000 in April, fell to the level of $ 30,000 in July. Along with the price increase in Bitcoin, many altcoins also experienced incredible increases.

The Increase In Bitcoin Price Also Affected The Ethereum Price

We can say that Ethereum is the second most valuable asset after bitcoin in the cryptocurrency markets. ETH, which is traded as the largest altcoin, managed to exceed the $ 4,000 level for the first time since May 14. While the total value of the cryptocurrency market has reached to $ 2.6 trillion with an increase of 3% in the last 24 hours, Bitcoin dominance is 47.8% and Ethereum dominance is 18.1%.

As The Bitcoin Price Increased, There Was Also Liquidation In Short Positions

According to Bybt data, 77 million dollars of short Bitcoin positions in the market have been liquidated.