Bitcoin fell just short of establishing a new all-time high (ATH) against the US dollar, but it achieved this milestone against several other fiat currencies, including the euro. Bitcoin surpassed €68,000 for the first time in history against the euro on major exchanges like Binance, reflecting growing institutional adoption and market confidence. However, the BTC/EUR ATH is not as significant for investors as the BTC/USD pair because the euro does not carry the same weight in the cryptocurrency market. Bitcoin also tested the $73,600 level against the US dollar on Binance, coming within $200 of the previous ATH. Bitcoin's performance extends beyond the eurozone, with new records being set against the Australian and Canadian dollars, indicating its growing influence in traditional financial markets. Major financial institutions are closely monitoring Bitcoin and predicting further upside potential, with one research firm projecting potential valuations of $200,000 by late 2025. Trading volumes have remained robust, and technical indicators suggest sustained momentum. However, uncertainty and expectations regarding future regulations and political speculation in the United States continue to impact the market.



Other News from Today