Bitcoin price <a href="https://www.coindesk.com/bitcoin-hits-25k-for-first-time-ever" target="_blank" rel="nofollow noopener">hits</a> an almost new all-time high of $25,000, a week after breaking the $24,000 level for the first time. The price of the world’s largest cryptocurrency by market capitalization touched a new record of $24,930.69. The yearly high of the cryptocurrency has been up by more than 240%.
<h2>Bitcoin Almost Surges to High of $25,000</h2>
The leading cryptocurrency’s price run comes following <a href="https://www.cryptoknowmics.com/news/microstrategy-invests-another-650-million-in-bitcoin/">institutional investors' gigantic investment</a> in the digital asset. For instance, Anthony Scaramucci’s Skybridge Capital invested <a href="https://www.cryptoknowmics.com/news/anthony-scaramuccis-skybridge-capital-plans-on-launching-bitcoin-fund/">$25 million</a> in December. In the same month, MassMutual invested over <a href="https://www.cryptoknowmics.com/news/btc-soars-high-as-massmutual-invests-100-million-in-bitcoin/">$100 million</a> while Guggenheim invested up to 10% of its $5 billion <a href="https://www.cryptoknowmics.com/news/hedge-fund-guggenheim-seeks-to-invest-in-bitcoin-via-gbtc/">macro funds</a>.

Bitcoin’s success in the crypto market comes as a surprise given the cryptocurrency price touching a yearly low of <a href="https://www.cryptoknowmics.com/news/gold-bull-peter-schiff-believes-bitcoin-will-hit-3000-before-gold/">$3000</a> in March to quickly climbing towards being a competitor to gold by the end of the year. The current <a href="https://www.cryptoknowmics.com/news/bitcoins-market-cap-reaches-280b-larger-than-major-us-firms/">market capitalization of Bitcoin</a> stands at $460 billion, while that of gold stands at about $10 trillion.

Meanwhile, there have been yearly improvements in the cryptocurrency with over 40.46% growth in new wallets of year-to-date creation on crypto exchanges, as per data from Blockchain.com. Around 18 million new <a href="https://www.cryptoknowmics.com/news/types-of-bitcoin-wallets/">wallets</a> have also been created on the site since December 2019.
<h2>Bitcoin Continues Climbing to Uncharted Highs</h2>
The latest BTC rally saw the cryptocurrency climbing to uncharted highs and this hasn’t just been reflected in the markets. Away from the exchanges and OTC desks, private and institutional investor <a href="https://www.cryptoknowmics.com/news/monex-group-survey-reveals-massive-surge-in-crypto-investors/">interest towards the cryptocurrency</a> is also at a rapid pace.

There has been a recent growth of crypto venture capital funds, raising billions of dollars throughout the year. Analysts are even expecting that the cryptocurrency could trade as high as <a href="https://www.cryptoknowmics.com/news/bitcoin-price-to-reach-250000-tim-draper/">$250,000</a> or more.

According to data from the blockchain analysis company, Chainalysis, there have been more than 11.9 million transfers of less than $1,000 of bitcoin into personal wallets. This has been up from about 9.1 million in 2017, signifying more investors have contributed to the historic 2020 rally.

Bitcoin Almost Surges to Fresh Record All-Time High of $25,000

Bitcoin price hits an almost new all-time high of $25,000, a week after breaking the $24,000 level for the first time.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Bitcoin Almost Surges to Fresh Record All-Time High of $25,000

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