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.)
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:
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.
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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— Alex Krüger (@krugermacro)
#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— Crypto_Ed_NL (@Crypto_Ed_NL)
Weekly momentum indicators at levels not seen since 2012 and 2013, absolutely historic way to end 2020 # https://t.co/RH0EvY1isw— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow)
@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— Vijay Boyapati (@real_vijay)