The peak price or market capitalization that a cryptocurrency has reached in its history. *see All-Time-Low (ATL).
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The highest point (in price, in market capitalization) that a cryptocurrency has been in history. *see All-Time-Low (ATL).
What Is an “All-Time High”?
An all-time high (ATH) refers to the highest price a cryptocurrency hit during its trading history. All-time highs are the opposite of all-time lows, the lowest price a cryptocurrency has ever reached.
All-time highs are easy to spot since a coin’s upward trajectory is easy to quantify. For example, Bitcoin hit an all-time high of over $67,000 in the fall of 2021.
Cryptocurrency investors often use all-time highs as a measuring stick for the potential market capitalization of a coin. Enthusiastic investors tend to extrapolate the all-time high of a coin linearly into the future. This leads them to believe that a cryptocurrency can hit much higher valuations much sooner than is actually the case. This was true during the last Bitcoin bull run, which saw many analysts call for new all-time highs of over $100,000. These never materialized.
What Was the All-Time High of Bitcoin and Ethereum?
Bitcoin and Ethereum traded at an all-time high of $67,549 and $4,810 on November 9, 2021, respectively.
What Happens During an All-Time High?
Cryptocurrencies hit all-time highs during bull runs. When a cryptocurrency hits an all-time high, investors are generally euphoric and predict even more gains to come in the near future. During extended bullish periods, a coin (or token) can hit several all-time highs as it keeps appreciating. In technical analysis, this is known as “forming higher highs.” Eventually, the coin exhausts its upward trajectory and experiences a correction.
During bear markets, the correction of a cryptocurrency is measured in how much value it has lost from its all-time high. In crypto bear markets, corrections of more than 70% are considered normal. Altcoins can even correct up to 90% or 99%. Some cryptocurrencies never recover from a bear market, leaving investors that did not sell around their all-time high chasing losses.