price hits new all-time high as crypto market matures
Its happened! This week, Bitcoin officially reached an all-time high above $19,892 for the first time in almost three years after enjoying a rebound over the Thanksgiving weekend.
Unfortunately, Tuesdays new record didnt bring the fireworks many hoped for. All-time highs were only reached on a couple of exchanges. Soon afterwards, BTC suffered a violent rejection near $20,000 falling to $19,000 in under 10 minutes.
Institutions rushing into $19,000 Bitcoin as GBTC premium hits six-month high
Bitcoins volatility doesnt appear to have scared off institutions. On Thursday, demand from investors meant Grayscales Bitcoin Trust was trading at a chunky premium, making it 35% more expensive than buying BTC at the current market price.
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