Bitcoin price hit a new all-time high on Saturday morning (EST) and is over $ 31,000 per coin. At around 8:43 a.m., Bitcoin’s value rose to $ 31,417 per unit with a global trade volume of around $ 12 billion.
Bitcoin (BTC) has crossed the $ 31,000 price zone and has jumped very close to the $ 32,000 range. At around 8:43 a.m. (EST), the crypto asset rose to $ 31,417 per bitcoin, hitting another all-time high.
BTC is up 5% in the last 24 hours, 15% in the week, 58% in the last month and 187% in the 90 days. Over the past 12 months, Bitcoin (BTC) has gained 315% against the US dollar.
At 8:43 a.m. (EST), Bitcoin (BTC) touched an ATH of $ 31,417 on Bitstamp.
The hash rate of the crypto asset on Saturday morning is 135 exahash per second, with 18 mining pools dedicating hash on the Bitcoin blockchain. The F2pool mining operation is capturing 18% of the hashrate, or 26.31 exahashes per second.
Many crypto supporters celebrated the recent rise in the price of Bitcoin. After crossing USD 30,000, market maniac Holger Zschaepitz said: “Bitcoin exceeds 30,000 for the first time, just 17 days after the cryptocurrency exceeded 20,000.”
Another person wrote, “Well, Bitcoin is breaking $ 30,000 [definitely] a solid start to the new year. “
A number of Bitcoiners wholeheartedly believe that the price of BTC will rise much higher than the $ 30,000 handle. “Don’t sell your sats to institutional mega-investors for $ 30,000,” tweeted Phil Geiger. “They have far more resources than you and are happy to pay you $ 200,000 for a bitcoin.”
Onchain researcher Willy Woo said people shouldn’t be careful about investing in Bitcoin at this price when the price could very well reach $ 300,000. “If you’re looking for a long-term listing for HODL Bitcoin, you shouldn’t make a listing with nickels and cents,” Woo tweeted. “You are not going to break a sweat on a few thousand dollars in imperfect entry when it’s $ 100,000, $ 200,000, $ 300,000 a year.” Woo added:
The main bull phase is here. Capital inflows [have] crazy.
Since Bitcoin (BTC) started its uptrend and knocked down the all-time high of 2017, the crypto asset has not seen any major setbacks. In 2017, BTC recorded around four losses ranging from 25 to 38% during the rise. An analyst says the monthly momentum indicator shows that we will see a big decline soon.
“Something interesting that I’ll watch out for (interesting, but not workable on its own),” retailer Mr. Anderson told his 64,000 Twitter followers. “The last and only time BTC saw monthly momentum at this high was a 38% retraction [and] recovered within a month and continued exponentially.
At the time of writing, the total market valuation of all 7,500+ digital assets is nearly $ 800 billion and is steadily moving towards $ 1 trillion. Bitcoin’s market capitalization captures the entire crypto market economy worth $ 573 billion.
Bitcoin (BTC) currently trades for $ 31,200 per share on Saturday, January 2, 2021.
What do you think of Bitcoin breaking the $ 30,000 price zone on Saturday morning? Let us know what you think in the comments section below.
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