#BTCBreaksATH BTC rose to a notable all-time high (ATH) of $ 112.022, breaking free from its previous consolidation phase and lower resistance levels, following a steady ascent that began on June 22, when BTC was trading near $ 98.000.
The surge also propelled the cryptocurrency market as a whole, with Ethereum's ether rising 6% to $2,800, its highest level in a month. BTC spot ETFs recorded over $1.2 billion in net inflows since early July, according to data from Farside Investors. Analysts also pointed to BTac treasury companies and a favorable regulatory environment in the U.S. as key factors.
In 2021, El Salvador became the first country to invest in BTC, now holding over 6232 BTC in its treasury. Following today's all-time high for Bitcoin, El Salvador's BTC reserves reached $400 million in unrealized gains after years of steady accumulation. On November 16, 2022, El Salvador's president, Nayib Bukele, announced that the country would begin buying 1 BTC per day, "until BTC becomes unaffordable with fiat currencies."
The surge also propelled the cryptocurrency market as a whole, with Ethereum's ether rising 6% to $2,800, its highest level in a month. BTC spot ETFs recorded over $1.2 billion in net inflows since early July, according to data from Farside Investors. Analysts also pointed to BTac treasury companies and a favorable regulatory environment in the U.S. as key factors.
In 2021, El Salvador became the first country to invest in BTC, now holding over 6232 BTC in its treasury. Following today's all-time high for Bitcoin, El Salvador's BTC reserves reached $400 million in unrealized gains after years of steady accumulation. On November 16, 2022, El Salvador's president, Nayib Bukele, announced that the country would begin buying 1 BTC per day, "until BTC becomes unaffordable with fiat currencies."