Bitcoin (BTC), the king coin, has broken another level within a span of 24 hours. The largest cryptocurrency by market cap breached the $25,000 mark, a day after the coin broke another key level. The coin reached a high of $25,256 on Coinbase, as per the data presented on Trading View. The coin’s price has retracted ever since it peaked at this level.
Read Bitcoin’s [BTC] Price Prediction 2023-24
According to CoinMarketCap, Bitcoin was trading at $24,790 at press time and saw an uptrend of over 8% in the past 24 hours. The cryptocurrency registered a market cap of over $482 billion and had a market dominance of 42.8%.
Notably, the current level of Bitcoin was last seen in June 2022. Additionally, the coin added the additional numbers just a day after it swung past $24,000, a level first seen since August last year.
Speaking about the new breach, Cameron Winklevoss, co-founder of Gemini, stated that Bitcoin’s price levels have surpassed the lows it registered post-FTX collapse in November 2022. At the time, the king coin saw a sharp decline, with BTC’s price collapsing from the $20k level to the $15k level within a few days. Winklevoss said,
“Bitcoin just broke 25k, price levels well above pre-FTX collapse. A clear signal that our industry is moving beyond this painful chapter — we will not be defined by it. We are back to building the future.”
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