Bitcoin (BTC) touched $ 14: this is the new ATH from January 000

The price of Bitcoin (BTC) is constantly on the rise, with the leading cryptocurrency jumping 4,44% in the last 24 hours.

By the end of the month, the bitcoin price continues to rise, reaching $ 14000. On October 31, the price of BTC was $ 14 on all major cryptocurrency exchanges. The new Bitcoin ATH has been priced since January 100. Shortly after it surpassed $ 2018, bitcoin fell 14%.

Coincidentally, Bitcoin hit $ 14000 on the same day its founder Satoshi Nakamoto released the Bitcoin whitepaper 12 years ago. Nakamoto published the Bitcoin whitepaper on October 31, 2008.

After Bitcoin traded at $ 14000, traders became more optimistic, predicting that the cryptocurrency will reach a new ATH in excess of $ 20000 in the near future.

Bitcoin rises to $ 14000

Until now, Bitcoin has grown steadily and has attracted the attention of analysts. Bitcoin analyst Light recently commented on the recent surge in Bitcoin prices.

Despite the strong performance of BTC, which hit new highs in 2020, altcoins have been declining all week. Cointelegraph added that ETH is down nearly 6% at the time of writing. Likewise, LINK is down 6,74% at the time of the report's release. BNB also fell more than 6%, the report said.

However, these altcoins are starting to recover from recent losses. ETH is currently up 3,29% to $ 391,93. Likewise, LINK is trading at $ 11,30, up 3,36% from the previous close. In addition, Binance Coin is also trading up 2,15% at $ 28,69.

In addition, the Cointelegraph report further revealed the reason for the traders' optimistic assessment. Cointelegraph contributor Marcel Pehman said:

“… Once again, the phenomenon of falling BTC prices before and after CME futures expiration no longer exists. This once again confirms the bullish trend of the recent run, despite negative news from Asian exchanges and Tether. "

Bitcoin's price is constantly on the rise as the leading cryptocurrency has jumped 4,44% in the past 24 hours. With a market cap of over $ 257 billion, Bitcoin is currently trading at $ 13 with a dominance rate of 874,34%.

BTC Price Jumps After PayPal Announcement

Bitcoin's recent gain may also be related to the announcement PayPal about entering the crypto space. PayPal Holdings Inc (NASDAQ: PYPL) has announced its partnership with Paxos Trust Company to provide crypto services, support for BTC, and three other digital assets on its platform.

Coinspeaker previously reported that Bitcoin jumped over $ 13000 in response to news from PayPal. The report also says that PayPal's crypto service could encourage major banks to offer support for bitcoin.

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