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Bitcoin Hits $25K for First Time Ever, Approaches $26K

The event happened just a week after the leading cryptocurrency broke $24,000.

Bijgewerkt 14 sep 2021, 10:48 a..m.. Gepubliceerd 26 dec 2020, 3:40 a..m.. Vertaald door AI
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The price of bitcoin topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time.

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  • The price of the leading cryptocurrency continued its recent torrid pace, breaking $25,000 Friday night for the first time, and setting a new all-time high of $25,914.46 Saturday morning, before falling back to $25,669.62, up 6.18% on the day. Year to date, BTC is up more than 250%.
  • Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 million in December); MassMutual ($100 million in December); and Guggenheim (up to 10% of its $5 billion macro fund).

UPDATE (Dec. 26, 16:29 UTC): Adds new all-time high.

Read more: Over $20K? Why Is Bitcoin Worth Anything at All?

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Tom Lee responds to controversy surrounding Fundstrat’s differing bitcoin outlooks

Fundstrat Global Advisors Head of Research Tom Lee (Photo by Ilya S. Savenok / Getty Images for BitMine)

A debate on X over seemingly conflicting bitcoin forecasts from Fundstrat analysts drew a response from Tom Lee, highlighting differing mandates and time horizons.

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  • X users flagged what appeared to be conflicting bitcoin outlooks from Fundstrat’s Tom Lee and Sean Farrell.
  • Lee endorsed a post arguing the views reflect different mandates and time horizons, not internal disagreement.
  • The episode highlights how public commentary can blur distinctions between short-term risk management and long-term macro views.