Leading cryptocurrency bitcoin (BTC) has reached a new all-time high against the Euro as its price broke through the $65,000 mark for the first time since late 2021.
The crypto asset recorded a peak price of €60,393, surpassing the previous ATH high of €53,000 set in September 2021, according to data on TradingView. However, at the time of writing, BTC has retraced to €57,704.61, a remarkable 56% increase year-to-date.
The latest feat comes after the European Central Bank (ECB) bashed Bitcoin, saying its fair value is still zero despite ETF approvals in the United States. The bank further noted that the latest price boom will spark ‘massive’ collateral damage.
Meanwhile, bitcoin achieved multiple milestones before surpassing the €60,000 price threshold. Since the start of the year, the digital asset has consistently recorded new highs against various fiat currencies, including the Chinese yuan (CNY), the world’s largest fiat currency by market capitalization.
In late February, bitcoin reached a new ATH against the CNY, surpassing the previous record of approximately 414,000 CNY ($57,506), according to data from Xe.com. At press time, BTC was exchanging hands at 469,092 CNY ($65,157) in China.
Speaking on the milestones, Balaji Srinivasan, an angel investor and former chief financial officer of Coinbase, noted that bitcoin has recorded new ATHs in over 30 countries, including Japan, South Korea, India, and Argentina, as of February 28.
Although bitcoin is now trading at new highs against different fiat currencies worldwide, the cryptocurrency is yet to surpass previous highs against some fiat, including the United States dollar, the British pound, the Brazilian real, and the Mexican peso.
River Intelligence marketing head Sam Wouters identifies the Mexican peso as the most “ambitious target” for Bitcoin to surpass. According to data from Xe.com, BTC is currently trading at 1.1 million pesos ($64,680), representing a decline of roughly 24% from its previous high of around 1.4 million pesos ($82,305) recorded in November 2021.
