Bitcoin Hits New Yearly High, Other Top Coins Shoot Upwards, Too
The world's number one cryptocurrency, bitcoin (BTC), rallied to a new yearly high today, though it was outperformed by four other coins in the top 10 in the last 24 hours.
Bitcoin is currently (14:25 UTC) trading at 12,157. It's up by nearly 3% in the last 24 hours and nearly 2% in the last week. Within several minutes after reaching the new high, it had started correcting lower, maintaining position just above USD 12,140.
Just a week ago, it hit USD 12,037, following a similar daily increase.
Prior to that, on August 2, it went to USD 12,041, and then crashed by USD 800 in minutes.
Meanwhile, the second coin by market capitalization and one of the best-performing crypto assets this year, ethereum (ETH), remains largely unchanged in a day and is up by 1% in a week, trading at USD 428.
The whole market capitalization is up by 2.37%, to USD 387.16 billion, while Bitcoin dominance stands at almost 58%.
#Bitcoin rocketing through 12K on Monday morning is much more energizing and a large cold brew.— Tyler Winklevoss (@tylerwinklevoss) August 17, 2020
Meanwhile, as reported, Grayscale, a major crypto asset management firm owned by Digital Currency Group, launched a national crypto ad campaign in the US last week, with CEO Barry Silbert tweeting on Friday that the firm just finished its “largest fundraising week EVER.”