Bitcoin’s All-Time High Exceeded $ 28,000, Now Bigger Than Visa!
Bitcoin markets are seeing a lot of movement as the price of the crypto asset touched an all-time high (ATH) of $ 28,378 per cryptocurrency this weekend. By the end of 2020, the cryptocurrency’s market capitalization exceeded a large chunk of one trillion US dollars.
Bitcoin (BTC), the leading cryptocurrency by market valuation, has increased tremendously in value over the past few days.
A few days earlier, on December 24, BTC was trading at $ 23,796 per unit, meaning it had gained more than 14% in value over the past three days. According to the data, the BTC dominance index today exceeds 70% with an overall market capitalization of $ 510 billion.
There are about 18,582,450 BTC in circulation today, and over the past 24 hours Bitcoin (BTC) has seen $ 21 billion in global trading volume. Stabilcoin (USDT) is still the dominant pair against BTC, seizing 56% of all transactions on Sunday. This is followed by trading pairs such as USD (15.22%), JPY (8.08%), EUR (5.13%), KRW (3.52%).
Over the past seven days, BTC has risen 16.4% and 59.12% over the past month. 90 – day statistics show that BTC has gained 155%, and against the USD, 12-month data shows that BTC has increased 272% today.
Using today’s exchange rate, the current challenge of BTC and an electricity cost of about $ 0.06 per kilowatt-hour (kWh) suggest that miners are making significant gains in that price range. Statistics show that today’s best mining rig is the Bitmain Antminer S19 Pro (110TH / s), which pulls in at $ 15.37 a day.
S19 Pro Microbt Whatsminer M30S (15,18 $ / day), MicroBT Whatsminer M30S + (12,69 $ / day) 95TH Bitmain Antminer Q19 / s model (12,00 $ / day) and Avalonminer 1246 Canaan ( $ 10.38 / day).
Currently, there are 136 exahash per second Bitcoin network hashrate and a total of 18 pools mining in the BTC chain. Among the top five BTC mining pools are F2pool, Binance Pool, Antpool, Btc.com and ViaBTC’s. F2pool commands 20% of hashrate, or 26.32 EH / s, on December 27, 2020.
Bitcoin has also been getting a lot of attention in recent weeks, as Google trend data shows that the term “Bitcoin” scores 96 out of 100. The term “Bitcoin” was highly trending on Twitter on Sunday morning.
Many people debate how BTC has surpassed visa’s market value and consistently won over Berkshire Hathaway. In fact, Bitcoin’s overall valuation puts it 11th in contrast to the top ten companies worldwide. it made it the most valuable global asset.