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Bitcoin Sets New ATH Above $25,000: Bitcoin Dominance Eyes 70% (Market Watch)

PARIS, FRANCE - APRIL 03: In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is displayed on April 03, 2019 in Paris, France. Bitcoin is an electronic money that has seen an incredible increase in 2017, its price has reached 20,000 euros. But, while cryptocurrency has been trading for some months around 3200 to 3500 euros, it has risen to 5000 euros since yesterday. According to one analyst, this move would be linked to a single buyer who would have passed a colossal order to make up the course. (Photo by Chesnot/Getty Images)

Bitcoin has enjoyed this year’s Christmas with another all-time high crossing $25K. The total market cap has recovered the recent losses by adding $30 B over the past day.

Bitcoin’s Christmas continued with a bullish performance as the cryptocurrency has marked another all-time high – this time breaking above $25,000. Most altcoins have also added value, including Litecoin – a 15% surge for LTC has taken it to a new yearly high of about $130.

Bitcoin Paints A Fresh ATH Above $25K

After dumping to $22,700 on December 21st, just five days ago, BTC’s price performance has been quite impressive: The asset overcame $23K and $24K in the following days and, despite high fluctuations, averted serious price drops while the altcoin market was getting a beatdown.

In the past 24 hours, BTC doubled-down on its bullish performance. The cryptocurrency firstly jumped to $24,700, which became the new all-time high at the time, before initiating another remarkable leg up.



The second one resulted in tapping the coveted $25,000 level not long ago. Consequently, this became the new all-time high. Despite slightly retracing since then, bitcoin still trades around $24,800, as of writing these lines.

The technical indicators suggest that BTC has to overcome the psychological level at $25,000 decisively before potentially challenging the next resistance lines at $25,400 and $26,000.

If the trend reverses and bitcoin heads south for a correction, then $24,700 (prior high), $24,370, $24,000, and $22,700 might serve as initial support levels.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

New YTD Record For LTC: BTC.D At 70%

Most alternative coins have marked minor gains in their USD value; however, they continue to lose against the rising Bitcoin. The Bitcoin share over the crypto market, known as the Bitcoin Dominance, is on its way to 70%, which is a 1-year high. Even though new projects are emerging, Bitcoin’s ROI is beating most of them.

Ethereum has added 3% and has risen above $620. Bitcoin Cash (4%) sits at $315, Binance Coin (2%) trades at $33, Chainlink (3%) is close to $11.5, Polkadot (1%) is above $5.1, and Cardano (0.4%) is at $0.15.

Litecoin is the most impressive performer from the top 10 with a surge of 15%. As a result, LTC has marked a new yearly-high of nearly $130.

In contrast, Ripple’s native coin continues with high fluctuations after the SEC charges. XRP plummeted to $0.21 yesterday before suddenly skyrocketing to $0.37. Nevertheless, Bitstamp announced that the veteran exchange will halt XRP trading for its US customers, and the asset has tanked to $0.30 again.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

 

Further gains are evident from THETA (10%), HedgeTrade (8%), CyberVein (8%), SwissBorg (7%), Monero (6%), ICON (6%), and Quant (6%).

The crypto market has added another $30 billion in a day and sits above $670 billion.

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