Bitcoin Crosses $25,700, Aims At $26,000

Bitcoin Crosses $25,700, Aims At $26,000

Bitcoin (BITCOMP) has set a new record, breaking the $25,500 level, according to trading platform TradingView.

What Happened

The Bitcoin price briefly broke $25,005.53 and fell back to $24,971.23, before crossing the $25,000 mark and marching forward from there. It traded at $25,500 as the time of this writing.

Why It Matters

The main digital currency has had a record month, surpassing $20,000 less than two weeks ago, on December 16. It reached $24,000 three days later.

Crypto enthusiasts have been very optimistic about where today’s price is going. Anthony Pompliano, a co-founder and partner at Morgan Creek Digital investment firm, suggested on Twitter that crypto traders are trying to pump the price to $26,000 today, for a "$26k on the 26th" push.

© 2020 Benzinga does not provide investment advice. All rights reserved.

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