Exclusives

Bitcoin Approaching USD 28K with Market Capitalization Over USD 0.5 Trillion

Source: Adobe/aerogondo

The most popular cryptocurrency, bitcoin (BTC) accelerated its rally, hitting USD 25,000, USD 26,000, and USD 27,000 in less than a day and is now approaching USD 28,000, while its market capitalization jumped above USD 0,5 trillion.

At the time of writing (08:22 UTC), BTC trades at USD 27,838 and is up by 12% in a day and 18% in a week. The price rallied by 61% in a week and 277% in a year.

BTC price chart:

Bitcoin Approaching USD 28K with Market Capitalization Over USD 0.5 Trillion 102
Source: coinpaprika.com

BTC is the best performing cryptoasset among the top 10 coins by market capitalization today. Its dominance, or the percentage of the total market capitalization, jumped above 70% for the first time since March 2017.

At the same time, other coins from the top 10 club are up by 1%-5%, except XRP (-4%) and chainlink (LINK) (-4%).

___
Learn more:
Bitcoin Wheel Cannot Be Stopped
Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Chainlink Price Predictions for 2021
Bitcoin Now Retail Inflation Hedge, Experts Agree – and Altcoins May Follow Suit
More People Seem Interested in Buying Bitcoin (and Ethereum) Than Selling It
Crypto in 2021: Bitcoin To Ride The Same Wave Of Macroeconomic Problems
Bitcoin & Crypto Taxes In US: When to Sell and When to Hodl
Economists Speak of ‘Once-in-a-Millennium Change’ in Monetary History
____

Reactions:

Bitcoin Approaching USD 28K with Market Capitalization Over USD 0.5 Trillion 103

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:Exclusives

Leave a reply

Your email address will not be published. Required fields are marked *