Fun

Bitcoin All-Time Price High Surpasses $28K, BTC’s Half Trillion Market Cap Now Bigger Than Visa

News Feed - 2020-12-27 11:12:14

Bitcoin All-Time Price High Surpasses $28K, BTC"s Half Trillion Market Cap Now Bigger Than Visa


Bitcoin markets have been seeing a lot of action this weekend, as the price of the crypto asset touched another all-time high (ATH) at $28,378 per coin. Toward the end of 2020, the cryptocurrency’s market capitalization has crossed a whopping half of a trillion U.S. dollars in value.


The leading cryptocurrency by market valuation, bitcoin (BTC), has climbed immensely in value during the last few days. At the time of publication, the asset is trading between $27,250 to $27,750 per BTC on Sunday morning (8-9:30 a.m. EST).


A few days ago, on December 24, BTC was swapping for $23,796 per unit, which means it has gained over 14% during the last three days. Data from markets.Bitcoin.com show that the BTC dominance index has surpassed the 70% handle with an overall market cap of $510 billion today.



There’s approximately 18,582,450 BTC in circulation today and during the last 24 hours, bitcoin (BTC) has seen $21 billion in global trade volume. The stablecoin tether (USDT) is still the dominating pair against BTC on Sunday capturing 56% of all trades. This is followed by trading pairs like the USD (15.22%), JPY (8.08%), EUR (5.13%), KRW (3.52%).


During the last seven days, BTC is up 16.4% and 59.12% over the course of the last month. 90-day stats show BTC has gained 155%, and 12-months data against the USD shows BTC is up 272% today.


Using today’s exchange rate, BTC’s current difficulty, and an electrical cost of around $0.06 per kilowatt-hour (kWh) shows that miners are profiting considerably at this price range. Stats show that the top mining rig today is the Bitmain Antminer S19 Pro (110TH/s) which is pulling in $15.37 per day.


The S19 Pro is followed by the Microbt Whatsminer M30S++ ($15.18/day), MicroBT Whatsminer M30S+ ($12.69/day), Bitmain Antminer S19 95TH/s model ($12.00/day), and the Canaan Avalonminer 1246 ($10.38/day).



Currently, the Bitcoin network hashrate is 136 exahash per second, and there’s a total of 18 pools mining the BTC chain. The top five BTC mining pools include F2pool, Binance Pool, Antpool, Btc.com, and Viabtc. F2pool commands 20% of the hashrate or 26.32 EH/s on December 27, 2020.


Bitcoin is also seeing a lot of interest during the last few weeks as Google trends data shows the term “bitcoin” has a rating of 96 out of 100. The term and subject “bitcoin” is also trending quite a bit on Twitter on Sunday morning with over 225,000 tweets about the crypto asset.


Lots of individuals have been discussing how BTC surpassed Visa’s market capitalization and is steadily gaining on Berkshire Hathaway. In fact, bitcoin’s (BTC) overall valuation makes it the 11th most valuable global asset, in contrast to the top ten corporations worldwide.


“Bitcoin market capitalisation is now over $510 billion. Which puts it just under Warren Buffett’s Berkshire Hathaway, the 10th largest company in the world,” one individual tweeted on Sunday.


What do you think about bitcoin’s (BTC) recent price performance? Let us know what you think about this subject in the comments section below. Bitcoin Hits $25,890, Peter Schiff Thinks BTC Price Rise Will Attract Regulators MARKET UPDATES | 1 day ago Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers MARKET UPDATES | 2 days ago Tags in this story $28378, All time high, ATH, Berkshire Hathaway, Bitcoin (BTC), BTC, capitalisation, Google trends, Hashrate, Market Cap, Market Update, markets and prices, Mining Profits, mining rigs, Performance, Spot Markets, trade volume, Twitter Trends, VISA


Image Credits: Shutterstock, Pixabay, Wiki Commons, Assetdash.com, Bitcoin Wisdom, Bitstamp BTC/USD, Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Bitcoin Data Reveals No Significant Panic Selling In The Market – Shakeout Or Trend Shift?
Este artículo también está disponible en español. Bitcoin faced a sharp retrace yesterday, dropping 8% from its all-time high of $108,300 after the Federal Reserve announ
Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ciaran Lyons2 hours agoBitcoin bought by corporate giants should not be feared — Michael SaylorDuring a recent podcast interview, Michael Saylor explained that Bitcoin being bought and custodied by corporations should
Binance Lists MyShell (SHELL): HODLer Airdrops and Rewards Explained
Binance has announced the listing of MyShell (SHELL) as the 10th project on the HODLer Airdrops page, rewarding users who participated in BNB Simple Earn and On-Chain Yields subscriptions.
Solana Surges As Momentum Resumes, Is $240 the Next Stop?
Este artículo también está disponible en español. Solana(SOL) is gaining momentum once more, with bullish energy pushing it higher as it aims for the next major resistanc
US Senate Candidate Is a Hodler, Sees Bitcoin as Alternative Store of Value to US Dollar
US Senate Candidate Is a Hodler, Sees Bitcoin as Alternative Store of Value to US DollarUS Senate candidate Cynthia Lummis is pro-bitcoin. She bought her first bitcoin during her ti
Turner Wright9 hours agoBinance receives licenses to offer crypto services in El SalvadorThe exchange reported receiving approval for Bitcoin Services Provider and Digital Assets Services Provider licenses in El Salvador
4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court Rules
4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court RulesA Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency t
Ark Invest on $1.4M BTC, Possible Julian Assange-Linked File on Bitcoin Blockchain — Week in Review
Ark Invest on $1.4M BTC, Possible Julian Assange-Linked File on Bitcoin Blockchain — Week in Review Investment management firm Ark Invest has offered three bitcoin price predicti
GameStop (GME) Down Bad After Bitcoin News — Here’s The Catch
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Cardano Could Drop To $0.54 If This Support Gives Out, Analyst Says
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Salvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward
Salvadoran Government"s Chivo Wallet Experiences Hiccups, Some Residents Can"t Claim $30 BTC Reward On the day El Salvador implemented the bitcoin tender law, the official governme