Bitcoin, Ether Soar To New All-Time Highs; $10,000 In Sight

Saturday, November 25, 2017
By Paul Martin

by Tyler Durden
Nov 25, 2017

The race between stocks and cryptos who can hit new all time highs and keep climbing without even bothering to look back, continued on Saturday, when the two biggest cryptocurrencies by market cap, bitcoin and ether, hit new all time highs, with Bitcoin breaking above the $8,300 resistance level around 0700 UTC, and hitting a high of $8,650 in early trading, up over 5% on the day, and rising at a pace that has put the $10,000 price target by both Mike Novogratz (and Jose Canseco) firmly in its sights.

Separately, ether also continues to set new highs, and two days after South Korea’s regulator announced it had “no plan” to regulate cryptos, news which helped the crypto break out above its long-term range, and above its previous all time high, the native token of the ethereum project soared to $485.19 in overnight trading, morning, and is currently priced at $477, up 9% for the day and 37% for the last week.

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