It seems like all records will be broken in the last week of this year. Even the Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above US$28,000 over the weekend.
The largest cryptocurrency reached an all-time high of US$28,365 on Sunday before paring some of the advance, according to a composite of prices compiled by Bloomberg. The run of outsize returns over October, November and December so far is the longest such stretch since mid-2019.
“My sense is we’re very close to a top — we could hit US$30,000 though,” “We should definitely see a pullback, but the magnitude is probably lesser. We might only see 10 per cent to 15 per cent drops.”