Bitcoin price jumped well above the $ 25,000 handle, hitting a high of $ 25,890 on Saturday morning (EST). The crypto asset has a total market valuation of $ 476 billion this weekend, up over 6.8% over the past 24 hours.
The entire cryptocurrency Market capitalization Of all crypto assets in existence today, around $ 665 billion, up more than 3.8 percent over the course of the day. Bitcoin (BTC) has passed the $ 25,000 mark and is currently trading for $ 25,700 per unit. At the time of writing, a trading volume of $ 11.6 billion has been reported for BTC trading pairs. BTC is up over 6% in the week, 48% in the last month and 136% in the last 90 days. The crypto-asset against the US dollar is up 250% over the past year.
There are 18 mining pools that point to SHA256 hashrate Bitcoin (BTC) Network and F2pool will lead the pack on Saturday. Of the current 133 exahash per second (EH / s) BTC hashrate, F2pool records 24.3 EH / s or 18.2% of the total hashrate. The rate of emissions or inflation of Bitcoin per year is currently 1.78% as of December 26, 2020. While BTC has hit new price highs, gold bug Peter Schiff said regulators will be targeting Bitcoin soon.
“Bitcoin hits new record highs as its total market capitalization dominance for crypto increases to 69.3%,” said Schiff tweeted when BTC jumped over the $ 25k handle. “Since March 2017 it has not been more than 70%. With regulators targeting altcoins, bitcoin speculators are taking cover. Not long until Bitcoin will also be in the crosshairs at some point. “When one person asked who the SEC was suing and jokingly said” Satoshi, “Schiff replied,” No, only companies that allow Bitcoin trading or banks that allow Bitcoin-related transfers. “
Meanwhile, numerous crypto advocates celebrated the $ 25,000 award on social media and forums. “Bitcoin has just hit $ 25,500. I said a month ago that it would hit $ 25,000 by the end of 2020, “one person said wrote on twitter. Bitgive’s founder, Connie Gallippi, tweeted: “Holy Moly $ 25k, Moon Day – Everyday Bitcoin.”
“Hey Elon Musk, are you buying Bitcoin?” Another person asked the Tesla founder on Twitter.
Michael Saylor, the CEO of Microstrategy, the company that bought thousands of bitcoins to hold as reserves, said, “Cash is a haven from risk, but there is a price to be paid.” “Would you sacrifice 98% of your opportunity to avoid tomorrow’s uncertainty?” Saylor tweeted after Bitcoin exceeded $ 25,000. “Volatility is vitality. Bitcoin is hope, “he added. Stock-to-flow inventor (S2F) Plan B wrote: “The start of this bitcoin bull run feels more like 2013 than 2017.”
What do you think of Bitcoin, which passed the $ 25,000 mark on Saturday? Let us know what you think on this matter in the comments section below.
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