Cryptocurrency Bitcoin price hits $30,000 milestone for the first time ever


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Just two weeks after tackling $20,000, Bitcoin passes the $30,000 mark on the second day of 2021.

Bitcoin (BTC) hit a fresh psychological landmark on Jan. 2 as the new year kicked off to a flying start for hodlers.

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BTC/USD weekly candle chart (Coinbase). Source: Tradingview

BTC price wastes no time in 2021​

Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD clinch $30,000 during trading on Friday.

After hitting new all-time highs of $29,700 overnight, the pair showed no signs of weakness, retesting the level several times before a final breakout occurred.

The area immediately below $30,000 had proven a source of intense selling pressure throughout the past few days, a setup similar to that which Bitcoin disrupted at $20,000 just weeks ago.

"If you're looking for an entry to HODL Bitcoin long term, don't nickel and dime an entry. You're not going to sweat a few thousand dollars of non-perfect entry when it's $100k,$200k,$300k in a year," popular statistician Willy Woo summarized on Friday.

"The main bull phase is here. Capital inflows has gone nuts."

Mixed reactions for altcoins​

Among major altcoins, performance on the day was mixed, with Ether (ETH) staying flat below $740 despite Bitcoin's latest advances.
 
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