27 Dec 2020 · 1 min read

Bitcoin Rallies Above USD 28K with Market Cap Over USD 0.5 Trillion

The most popular cryptocurrency, bitcoin (BTC) accelerated its rally, hitting USD 25,000, USD 26,000, USD 27,000, and USD 28,000 less than a day, while its market capitalization jumped above USD 0,5 trillion. (Updated at 11:43 UTC with the latest price data.)

Source: Adobe/aerogondo

At the time of writing (11:41 UTC), BTC trades at USD 28,257 and is up by 14% in a day and 20% in a week. The price rallied by 64% in a week and 278% in a year.

BTC price chart:

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 to 7%, except XRP (-7%) and chainlink (LINK) (-2%).

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