Bitcoin price per dollar hits yearly high

The cryptocurrency market is looking strong this week, with both bitcoin and ether hitting new yearly highs on Monday. BTC closed within touching distance of $12,500 – a level not seen since July 2019 – while ETH also touched $450 after gaining almost 10% over the last week.

Can this run continue? It seems like everything is going up these days, with strong bullish sentiment and massive gains across the board. However, investors should always remember to take profit and avoid getting lost in the euphoria.

There was more good news elsewhere for Bitcoin. A soaring BTC price has led to a new all-time high in the Bitcoin hash rate, a sparkling recovery after the recent halving.

Source: Luno