Bitcoin All-Time Worth Excessive Surpasses $28Ok, BTC’s Half Trillion Market Cap Now Larger Than Visa
Bitcoin markets have been very busy this weekend when the price of the crypto asset hit another all-time high (ATH) at $ 28,378 per coin. Towards the end of 2020, the market capitalization of the cryptocurrency surpassed a whopping half a trillion dollars.
Bitcoin (BTC), the leading crypto currency in terms of market valuation, has seen immense growth in value over the past few days. At the time of publication, the asset is trading between $ 27,250 and $ 27,750 per BTC on Sunday morning (8-9: 30am EST).
A few days ago, on December 24th, BTC traded $ 23,796 per share, which means it has gained over 14% in the past three days. Data from the markets.Bitcoin.com shows the BTC Dominance Index has passed the 70% hand with a total market cap of $ 510 billion today.
There is approximately 18,582,450 BTC in circulation today, and in the past 24 hours, Bitcoin (BTC) has seen a global trading volume of $ 21 billion. The stablecoin tether (USDT) continues to be the dominant pair against BTC on Sunday, accounting for 56% of all trades. This is followed by trading pairs such as the USD (15.22%), the JPY (8.08%), the EUR (5.13%) and the KRW (3.52%).
Over the past seven days, BTC is up 16.4% and 59.12% over the past month. 90-day statistics show BTC is up 155% and 12-month data against the USD shows BTC is up 272% today.
Today’s exchange rate, the current difficulty of BTC, and electricity costs of around $ 0.06 per kilowatt hour (kWh) show that miners are benefiting significantly in this price range. Statistics show that the top mining rig today is the Bitmain Antminer S19 Pro (110TH / s) which brings in $ 15.37 per day.
The S19 Pro is followed by the Microbt Whatsminer M30S ++ (15.18 USD / day), the MicroBT Whatsminer M30S + (12.69 USD / day), the Bitmain Antminer S19 95TH / s model (12.00 USD / day) and the Canaan Avalonminer 1246 ($ 10.38 / day).
Currently, the Bitcoin network hashrate is 136 exahashes per second and there are a total of 18 pools mining the BTC chain. The five largest BTC mining pools include F2pool, Binance Pool, Antpool, Btc.com, and Viabtc. F2pool has 20% of the hashrate or 26.32 EH / s on December 27, 2020.
Bitcoin has also attracted a lot of interest in the past few weeks, as Google trending data shows that the term “Bitcoin” has a rating of 96 out of 100. The term and the topic of “Bitcoin” are also pretty trendy on Sunday morning on Twitter with over 225,000 tweets about the crypto asset.
Many individuals have discussed how BTC outperformed Visa’s market cap and steadily gaining traction at Berkshire Hathaway. Bitcoin’s overall valuation (BTC) makes it the eleventh most important global asset, unlike the top ten global companies.
“Bitcoin’s market capitalization is now over $ 510 billion. That puts it just below Warren Buffett’s Berkshire Hathaway, the 10th largest company in the world, ”one person tweeted on Sunday.
What do you think of the recent Bitcoin (BTC) price movement? Let us know what you think on this matter in the comments section below.
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