At 9 PM UTC last night, Bitcoin hit an all-time high of $61,683, managing to maintain it until the early hours of the morning. By 3:30 AM UTC, the price of the world’s most popular cryptocurrency began to pull back, dropping to the point where it now trades at $60,300.
That’s not much of a fall, considering the currency hit a previous ATH only hours before when at 12:30 PM UTC the price reached $60k for the first time.
Bitcoin’s performance over last week’s bull run was bolstered by the announcement that US president Joe Biden had signed off on a $1.9 trillion COVID-19 stimulus package following its approval by the House of Representatives.
