Bitcoin Hits $25K for First Time Ever

The price of bitcoin (BTC) topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time.

The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time high of $25,005.53 before falling back to $24,971.23, up 6.28% on the day. Year-to-date BTC is up more than 240%.
Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucciâs Skybridge Capital ($25 millionÂ in December); MassMutual ($100 millionÂ in December);Â and Guggenheim (up to 10%Â of its $5 billion macro fund).

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