Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017's Bull Run

Tuesday 01 December 2020, 2:08 AM AEST - 1 month ago

Bitcoin Crushes Previous All-Time High Surpassing the $20,000 Price Zone

Digital currency markets are on a tear this week, as a myriad of crypto assets have seen enormous gains during the last two days. Then finally, on November 30, 2020, the largest blockchain in terms of market cap, bitcoin (BTC) surpassed the crypto assets 2017 all-time highs (ATH) after crossing the highly anticipated $19,860 zone on Monday morning (EST).

  • The entire cryptocurrency economy has spiked in value considerably and on Monday, November 30, 2020, as theres over $34 billion in global trade volume. Moreover, out of the 7,500+ crypto-assets in existence, the market valuation is hovering well above the $547 billion zone.
  • Bitcoin (BTC) prices have touched a lifetime all-time high surpassing $19,666 per unit (Bitstamp ATH) on Monday, November 30, 2020, by reaching $19,864. The crypto asset is up over 8% during the last 24 hours, 5% for the week, and over 40% during the last 30 days.

Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017's Bull RunBitcoin (BTC) chart on November 30, 2020. Data stems from the exchange Bitstamp. 1-day BTC/USD chart. All-time high price is based on the exchange Bitstamps ATH record on December 17, 2017.

  • Despite BTCs price lift, the coins dominance index (market cap value measured against the entire valuation of all crypto markets) remains at 63% today. Bitcoins dominance index has not increased higher, because numerous altcoins have seen massive gains during the last 48 hours.
  • At a current price of over $19,500 per unit, bitcoins market cap today is hovering at around $362 billion. BTCs market cap is larger than each of the worlds four largest banks; JPMorgan Chase USA, ICBC China, BAC USA, and CCB China.
  • BTCs SHA256 hashrate (processing power) is coasting along at 130 e ...

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