Bitcoin surpasses $69,000 and reaches a new all-time high

What is the highest price ever paid for a Bitcoin? According to the website “Coingecko” this value has so far amounted to $69,044, paid on November 10, 2021. Coingecko’s competitor “Coinmarketcap” is slightly more conservative. It is said to have been $68,789, also on November 10, 2021.

In any case, the last amount was exceeded on the crypto trading platform Binance tonight. This afternoon at 4:04 PM the $69,000 hurdle fell. The price climbed to $69,350. It then dropped below 68,000 within seconds.

Compared to many other currencies, Bitcoin has already reached its ATH (all time high).

Coinmarketcap makes a “funny” comparison – comparing the value of money in circulation in different national currencies with the cryptocurrency Bitcoin. In this list, Bitcoin just displaced the Swiss franc to 14th place.

In the wake of the mother of all cryptocurrencies, the prices of other currencies also developed positively. The number two behind Bitcoin, Ethereum, gained 6.9 percent in the past 24 hours (Bitcoin 2.5 percent). The winners within the ten largest cryptocurrencies also include Solana (4.7 percent), Lido (6.7 percent gain) and Dogecoin (8.7 percent plus).

The Bitcoin price has been recovering from a drastic decline for about a year. At its lowest point in November 2022, one Bitcoin could be purchased for $16,000. Since then, cases have increased slowly but steadily, with some corrections. Many experts attribute this to the introduction of so-called ETFs. ETFs trade on conventional exchanges. They therefore allow many investors to invest indirectly in Bitcoin without having to overcome the hurdle of managing Bitcoins themselves.

The second important price driver is the so-called ‘halving’. During the halving, the reward for mining Bitcoin is halved – and with it the supply of new Bitcoins. Halvings take place every four years. The next one is expected in 43 days.