Bitcoin Hits $25K for First Time Ever

Bitcoin Hits $25K for First Time Ever

Bitcoin Hits $25K for First Time Ever, Approaches $26K Dec 26, 2020 at 3:40 a.m. UTC Updated Dec 27, 2020 at 2:44 a.m. UTC (CrispyPork/Getty Images) Kevin Reynolds Bitcoin Hits $25K for First Time Ever, Approaches $26K The price of bitcoin (BTC) topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time. 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. Bitcoin Markets ATH

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