At 16:00 UTC (or 12:00 Eastern Time) on Monday (August 17), Bitcoin reached an intraday high of $12,471.
According to data from CryptoCompare, the Bitcoin price broke through the $12,400 level at 15:45 UTC, and within 15 minutes, BTC had reached $12,471.
This was the first time Bitcoin had been above the $12,400 level in over 13 months:
At the time of writing (i.e. as of 18:22 UTC on August 17), Bitcoin is trading around $12,376, which means that it is up 4.59% vs USD in the past 24-hour period and up 72.3% vs USD for the year-to-date period.
According to data from Blockchain.com, Bitcoin’s seven-day average hash rate reached a new all-time high on Sunday (August 16): 129.075 EH/s.
Earlier today, famous gold bug Peter Schiff commented about Berkshire Hathaway’s purchase (in Q2 2020) of some shares of Barrick Gold (NYSE: GOLD), the world’s largest gold miner.
A few minutes ago, Dave Portnoy, the founder and president of Barstool Sports, who bought $200,000 worth of Bitcoin last Wednesday (August 13) with the help of the Winklevoss twins, tweeted that Warren Buffett should be getting into Bitcoin and not gold:
Crypto trader “Crypto Rand” told his over 218K followers on Twitter that he could not see much resistance for Btcoin until around the $14K level:
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.