The most popular cryptocurrency, bitcoin (BTC) accelerated its rally, hitting USD 25,000, USD 26,000, and USD 27,000 in less than a day and is now approaching USD 28,000, while its market capitalization jumped above USD 0,5 trillion.
At the time of writing (08:22 UTC), BTC trades at USD 27,838 and is up by 12% in a day and 18% in a week. The price rallied by 61% in a week and 277% 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.
At the same time, other coins from the top 10 club are up by 1%-5%, except XRP (-4%) and chainlink (LINK) (-4%).
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Learn more:
Bitcoin Wheel Cannot Be Stopped
Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Chainlink Price Predictions for 2021
Bitcoin Now Retail Inflation Hedge, Experts Agree – and Altcoins May Follow Suit
More People Seem Interested in Buying Bitcoin (and Ethereum) Than Selling It
Crypto in 2021: Bitcoin To Ride The Same Wave Of Macroeconomic Problems
Bitcoin & Crypto Taxes In US: When to Sell and When to Hodl
Economists Speak of ‘Once-in-a-Millennium Change’ in Monetary History
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Reactions:
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 Kruger (@krugermacro)
Hyperbitcoinization.
— G (@dergigi)
#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)
I have to assumed that #Bitcoin sees some sort of pullback sooner rather than later.
— NebraskanGooner?? (@nebraskangooner)
Weekly momentum indicators at levels not seen since 2012 and 2013, absolutely historic way to end 2020 # https://t.co/RH0EvY1isw
— //Bitcoin ??ack ?? (@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)
