Crypto Market Cap Tops $1 Trillion as Bitcoin Hits $38,000
Having hit a new all-time high of $38,280, Bitcoin is now trading at around $37,950 showing a growth of more than 8% in the past 24 hours.
Everything you need for the flagship crypto: from price movements and halving cycles to institutional adoption, on‑chain metrics and market strategy around Bitcoin. Follow how Bitcoin’s narrative evolves, why it matters to global finance, and what shifts could impact its future role as digital gold.
Having hit a new all-time high of $38,280, Bitcoin is now trading at around $37,950 showing a growth of more than 8% in the past 24 hours.
Raoul Pal previously said that Bitcoin is slowly eating the world as observed with the banking system.
Riot Blockchain reported that the mining revenue had increased by 21% to $6.7 million for the first nine months of 2020.
Bitcoin price new ATH has coincided with an announcement from the US federal regulator, Office of the Comptroller of the Currency (OCC), that indicated that banks can use stablecoins and public blockchains to conduct payments and other activities.
The strategists at JPMorgan Chase believe that the current adoption and investment rate that Bitcoin has can potentially drive the coin’s price to a consensus high levels of $50,000-$100,000.
The Office of the Comptroller of Currency has announced that banks can now issue stablecoins in exchange for fiat currencies.
Wisebitcoin’s presence in the digital asset trading industry extends beyond the exchange, with its cloud services anchoring over 200 other exchanges globally.
Bitcoin enters sharp correction after gaining more than 70% in a month’s time. The social media interest in Bitcoin has reached a new all-time high.
Van de Poppe has strong forecasts for Bitcoin and is also bullish on Polkadot (DOT), which just recorded a new all-time high.
MicroStrategy holds a very pivotal role in the institutional adoption of Bitcoin and all eyes are on the company to know its next moves.
On January 2, Bitcoin was trading at about $30,300. On Sunday morning, it surpassed $34,000 for the first time ever, which put the gain this year at almost $5,000.
Bitcoin has surpassed $34,000, setting a new record high as FOMO from institutional investors at Coinbase propels the crypto.
Bitcoin (BTC) continues with its aggressive rally as the world’s largest cryptocurrency eyes for $30,000 before bidding the final adieu to 2020. It has been a phenomenal year for BTC investors as the world’s largest has emerged a potential outperformed to Gold.
Now your Bitcoin transaction can easily be canceled with the help of the Blenderwallet.io platform with the help of the RBF mechanism.
As Bitcoin hits a new all-time high above $28,500, analysts expect that it shall peak-out in early 2021 and thus retail players could get an opportunity to buy at lower levels ahead.