Bitcoin Euro printed a fresh high earlier in week amid strengthening US dollar against Euro. Will the market see a similar ATH in BTC/USD?
hit a new all-time high against the Euro. It surged to a high of €68k on Coinbase and €67.9k on Binance.
The USD/EUR pair rallied 4% in October, from 0.8918 to 0.9300. On the peak day, 1 USD was worth 0.93 EUR, translating to about €68K for the BTCUSD value high of $73.6K. That said, there was a spike in BTCEUR long positions being closed on the Bitfinex exchange at press time. In the past, such long unwinds correlated with BTC local tops in July and February.
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