Bitcoin peaks at $28,000 for second time this week

Bitcoin broke $28,000 for the first time ever the day after Christmas — setting a new all-time high (ATH) at $28,300 — and reached nearly the same mark again on Tuesday evening at $28,154.

Bitcoin peaks at $28,000 for second time this week

Bitcoin broke $28,000 for the first time ever the day after Christmas — setting a new all-time high (ATH) at $28,300 — and reached nearly the same mark again on Tuesday evening at $28,154. Bitcoin started from a low of $25,634 on Tuesday and bought its way to $27,900 at time of writing. On Sunday, President Donald Trump signed a $900 billion COVID-19 relief package, with another bill in the Senate that would promise up to $2,000 to many Americans. The sports world ran headlines today about Carolina Panthers OT Russell Okung who requested to be paid half of his $13 million contract — about $6.5 million — in bitcoin, making him the first NFL player to get paid in cryptocurrency. On Tuesday, a large CME futures gap occurred when bitcoin rallied to a new all-time high of $28,422 — nearly $3,000 above market price of the crypto asset — before retreating, which might have attracted some additional attention on Bitcoin today. Meanwhile, XRP fell as much as 31% after exchange Coinbase said it would suspend trading by mid-January. Gold rallied about 0.30% to $1,883.55 on news of the relief packages.