Bitcoin Recorded New All-Time High (ATH) on January 20th

Bittime - Bitcoin again stole the world's attention after recording a new all-time high (ATH) on Monday, January 20 2025. Based on data from the Bitstamp platform, the price of Bitcoin reached its highest peak in history at $109,356 (around Rp. 1,781 billion) at 06:56 UTC.

This achievement marks Bitcoin's success in breaking the previous record recorded on December 16, 2024. 

Even though it experienced a sharp correction to $89,164 (around Rp. 1,452 billion) on January 13 2025, Bitcoin has now risen with an increase of around 23% from that low.

What caused this spike? Analysts attribute the rise in Bitcoin prices to expectations of pro-crypto policies increasingly dominating in the United States. 

In the midst of fluctuating market dynamics, Bitcoin continues to show its dominance as the cryptocurrency with the largest market capitalization in the world.

Read also: Bitcoin Predicted to Reach a New All Time High (ATH) in 2025, Here's What Experts Say!

Latest Bitcoin Price Movements

When this article was written, the price of Bitcoin was around $107,966 (around Rp. 1,757 billion) with trading volume in the last 24 hours reaching $110.74 billion (around Rp. 1,805 trillion). 

Bitcoin's market capitalization has now reached $2.139 trillion (around Rp. 34,869 quadrillion), confirming its position as the number one cryptocurrency in the world.

Bitcoin saw an increase of 3.26% in the last 24 hours, reflecting the strong bullish sentiment in the market. 

In addition, the massive liquidation of $1.25 billion (around IDR 20.38 trillion) from long and short positions in the last 24 hours shows extreme volatility, but this is actually a great opportunity for investors who dare to take risks.

Read also: Bitcoin Price Prediction by HashKey Group: Break $300,000?

FAQ

1. What is an All-Time High (ATH) in Bitcoin?

All-Time High (ATH) is the highest price ever reached by Bitcoin in its history. On January 20, 2025, Bitcoin recorded a new ATH at $109,356 (around Rp. 1,781 billion).

2. What is the cause of the latest Bitcoin price spike?

The surge in Bitcoin prices this time was influenced by expectations of pro-crypto policies in the United States as well as increased investor confidence in the crypto market.

3. Why is Bitcoin price so volatile?

Bitcoin volatility is caused by factors such as market speculation, global news, regulations, and massive liquidations in the crypto trading market.

4. Is Bitcoin a safe investment?

Like all investments, Bitcoin carries risks. Although it offers huge profit potential, its high volatility can lead to significant losses. It is important to do in-depth research before investing.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

coinmarketcap, Bitcoin Coinmarketcap, accessed January 20, 2025.

U.Today, Breaking: Bitcoin Hits New All-Time High, accessed January 20, 2025.

Author: Y