Bitcoin breaks $24000! Bitcoin breaks $24000 on December 25th, which looks rosy for bulls as bullish momentum returns.
Hitting a new all-time high yesterday of $24,500 on Bitstamp at publishing time, Bitcoin refused to conform to bearish prognoses. This latest effort shrugged off the legal action pending against Ripple.
For some time, a move was expected as Bitcoin tends to dominate late in the year before altcoins make a reversal and have a bullish run in January.
With the holidays beginning, large buy-ins from institutional investors were less likely. Liquidity and boost price performance could likely follow.
Altcoins on Christmas Day were up as well, with ETH regaining $600 and with XRP climbing back up to $0.35.
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