Bitcoin: new all-time high for the price of BTC
Bitcoin: new all-time high for the price of BTC

Bitcoin: new all-time high for the price of BTC

By Federico Izzi - 13 Apr 2021

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After days of waiting, bitcoin also took off, reaching a new record high of $63,000 for the first time.

It had been exactly one month since the price swings caged the price in a sideways channel of $10,000 and BTC seemed to watch helplessly as the major altcoins set absolute records over the past week.

Today also saw new all-time highs for Ethereum which rose to 2,230. Like Bitcoin, Ethereum gained 4% today. 

The historic day is also crowned by a strong rise in XRP which flies over 20% taking the top of the podium as the day’s best rise among the top 100. XRP sees $1.70, the highest level since mid-January 2018, climbing over 600% since the start of the year. 

The day is also characterized by strong volumes, rising above $750 billion total for the first time in over a month. With trades above $10 billion for bitcoin, it is the second day of the month with this spike in volumes.

Despite new records being broken daily over the past 4 days, the movement is accompanied by low volumes. In the last 24 hours, ETH has recorded volumes of just over $4 billion, less than Ripple (XRP) and Binance Coin (BNB). 

Decentralized finance, supported by record prices, sees the TVL close to $54 billion, the highest level ever, which from late January levels, sees a doubling of the total value locked.

Bitcoin (BTC), all time high at $63,000

For a few minutes, bitcoin broke the $63,000 wall. The break of the previous all-time high of mid-March caused positions to jump to the downside. In less than half an hour, the value of bitcoin gained more than $1,000. 

Being in uncharted territory for the fourth time since the beginning of the year, it is necessary to understand in the next few hours how the short and medium-term support levels will hold up. 

Ethereum (ETH), all time high at $2,230

For Ethereum, today’s new record highs that push the price to $2,230 for the first time, confirm the early restart of the new quarterly cycle. The good performance of the last two weeks removes the dangers of a reversal of the trend. The downward attention threshold to be monitored is at 1,900 dollars, which coincides with the previous highs of February and has now become a crucial support area.

Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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