Bitcoin passed $28.000 this week

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.”

Over the Wiseguy

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