Advertisement
Advertisement
Advertisement
Advertisement
Home NEWS NEWS BITCOIN Bitcoin officially hit $ 17.000 when market capitalization ...

Bitcoin officially hit the $ 17.000 mark as market cap is very close to all-time highs

-

- Advertisement -

Bitcoin officially hit $ 17.000 when the market cap hit an all-time high

 

At 19:04, Bitcoin was officially trading above the $ 17.000 mark for the first time since January 7, 1.

This growth has pushed the total market cap of the leading cryptocurrency to over $ 315 billion, just below the record $ 335 billion. Bitcoin each setting.

btc exchange rate

Since hitting a yearly low of less than $ 4.000 in March, BTC has recovered by more than 3 percent. And if as of January 330, 1, the leading cryptocurrency has increased by 1%.

BTC's "spectacular spike" in 2020 reflected much of its 2017 trajectory, Ben Zhou - co-founder and CEO of derivative exchange Bybit - told CoinDesk in an email. However, an important difference in this growth is the "money of the institutions".

At its current prices, BTC is only trading about 15% lower than its all-time high of nearly $ 20.000, set in December 12.

The altcoin market is also following Bitcoin's development. The top altcoin coin, for example, is Ethereum (ETH), which is trading at $ 465, up about 20% this month.

Litecoin (LTC) has increased by around 30% since the beginning of the month. Even dogecoin, which remained quiet after July's brief TikTok fever, spiked almost 7% before falling slightly during afternoon trading hours.

Despite BTC's strong performance in a bullish momentum primarily coming from the spot market driven by North American buyers, trading volume on exchanges remains relatively unimpressive. For example, the monthly volume of the BTC / USD trading pair on Coinbase has been virtually unchanged since June.

However, November could mark a change in that trend, as OTC trading is developing at a stable level.


Read more:

- Advertisement -
Advertisement
Advertisement
Advertisement
Binance Reputable Exchange
- Advertisment -Binance Reputable Exchange

TOP TRANSACTION FLOOR

HOT NEWS OF THE WEEK

Name Price
Bitcoin
Bitcoin(BTC)
$ 11,756.05
Ethereum
Ethereum(ETH)
$ 408.00
ripple
XRP(XRP)
$ 0.289
Bitcoin-cash
Bitcoin Cash(BCH)
$ 292.23
eos
EOS(EOS)
$ 3.40