- Eerily quiet rally
- Bitcoin is still down against gold
Bitcoin, the flagship coin, reached yet another record high of $125,899 earlier this Monday.
This comes after the top coin topped the $125,000 level for the first time on Saturday.
The cryptocurrency currently has more than a 60% chance of hitting the $130,000 level as early as this month.
Eerily quiet rally
Some have noted that sentiment appears to be rather subdued despite Bitcoin reaching new record peaks.
So far, retail interest remains persistently low based on the recent Google Trends data. This is viewed as a positive sign by some analysts since a euphoria-driven market peak does not appear to be in sight.
Bitcoin is still down against gold
So far, Bitcoin is up by 34% on a year-to-date basis. While this performance might seem impressive, the leading cryptocurrency is still down by a whopping 10% against gold despite the fact that the latter has a much higher market cap.
Source: https://u.today/breaking-bitcoin-hits-new-record-high-will-it-reach-130k-soon
