Bitcoin just blew past $113,800 on Thursday, setting a new all-time high. The oldest digital asset has been on a tear for the last several months — and has nearly doubled over the past year, climbing from $57,899 a year ago today.
CoinDesk analysts and industry experts are watching closely to see if bitcoin (BTC) can rise to $120,000, or if this week’s price action is just an ephemeral gasp.
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Helene Braun, CoinDesk markets reporter (19:12 UTC): Crypto-linked stocks are on fire, with crypto exchanges such as Robinhood (HOOD) and Coinbase (COIN) rising more than 3% on Thursday. Meanwhile, the miners such as Hut 8 (HUT), Bitfarms (BITF), and HIVE Digital (HIVE) are up more than 4%. Interestingly, the stablecoin issuer Circle (CRCL), the hottest new crypto IPO stock, is only up by 0.4%.
James Van Straten, CoinDesk Bitcoin analyst (18:55 UTC): The 2021 bull run’s second half was purely leverage and
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