By Bitcoin Approaching USD 28K with Market Capitalization Over USD 0.5 Trillion
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:
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%).
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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
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Reactions:
When an asset is trading all time highs there are no reference points from past trading history to use as levels. I… https://t.co/5RiOYdoMhY
#BTC keeps doing what it did since the 3,8k dip: extending it’s sublegs without any “normal” correction. Seems to… https://t.co/IGDlo4fYOx
I have to assumed that #Bitcoin sees some sort of pullback sooner rather than later.
Weekly momentum indicators at levels not seen since 2012 and 2013, absolutely historic way to end 2020 # https://t.co/RH0EvY1isw
@danheld This is a great point, Dan, and one I don’t think is fully appreciated. There is no more noise. Everyone i… https://t.co/oXwYkO2618
