The price of Bitcoin far exceeded $25,000 and reached a high of $25,890 on Saturday morning (EST). This weekend, the overall market valuation of the crypto asset was $476 billion, an increase of 6.8% in the past 24 hours.
Overall cryptocurrency Market value Of all the crypto assets that exist today, there are approximately $665 billion, an increase of 3.8% in one day. Bitcoin (BTC) The $25k mark has been exceeded, and the current transaction price per unit is $25,700. At the time of publication, the reported trading volume of BTC trading pairs was $11.6 billion. BTC is up more than 6% this week, 48% last month, and 136% in the past 90 days. Last year, the exchange rate of cryptocurrency assets against the U.S. dollar rose by 250%.
There are 18 mining pools pointing the SHA256 hash rate to Bitcoin (BTC) The network and F2pool took the lead on Saturday. At the current 133 exahash (EH/s) BTC hash rate per second, F2pool captures 24.3 EH/s or 18.2% of the total hash rate. On December 26, 2020, the annual issuance rate or annual inflation rate of Bitcoin is currently 1.78%. Although BTC hit a new price high, the gold bug Peter Schiff said that regulators will soon follow Bitcoin.
“As Bitcoin’s dominance in the total market value of cryptocurrencies rises to 69.3%, Bitcoin is setting a new record high.” Tweet When BTC jumped above 25,000 USD. “Since March 2017, the price has not exceeded 70%. As regulators are targeting altcoins, speculators are covering up Bitcoin. Soon after, Bitcoin will also eventually become a crosshair.” When a person asked the US Securities Exchange When the committee would sue who and jokingly say “Satoshi Nakamoto,” Schiff replied: “No, only companies that allow bitcoin transactions, or banks that facilitate wire transfers related to bitcoin.”
At the same time, a large number of cryptocurrency supporters on social media and forums celebrated the price of $25,000. “Bitcoin just touched $25,500. I said a month ago, it will reach $25,000 by the end of 2020,” one person write On Twitter. Connie Gallippi, founder of Bitgive Tweet: “Holy Moly $25k, Moon Day, Bitcoin every day.”
“Hey, Elon Musk, do you want to buy Bitcoin?” Another person asked the Tesla founder on Twitter.
Microstrategy CEO Michael Saylor bought thousands of bitcoins as a reserve. The company said: “Cash is a safe haven, but it comes at a price.” “You will sacrifice 98% of your chances to come Avoid the uncertainty of tomorrow?” Sailer Tweet After Bitcoin exceeds $25,000. Fluctuation is life. Bitcoin is hope. Plan B, the creator of S2F, wrote: “The beginning of this Bitcoin bull market feels more like 2013 than 2017.”
What do you think of Bitcoin breaking the $25,000 mark on Saturday? Let us know your thoughts on this topic in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Bitcoin Wisdom,
Disclaimer: This article is for reference only. It is not a direct offer or solicitation of an offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author shall not bear any direct or indirect responsibility for the use or reliance on any content, goods or services mentioned in this article or any loss or loss related to it.