Bitcoin’s price hit a new record high on Saturday morning (EST), peaking at over $ 31k per coin. At around 8:43 am, bitcoin’s value climbed to $ 31,417 per unit with about $ 12 billion in global trading volume.
Bitcoin (BTC) has surpassed the $ 31k price zone and jumped very close to the $ 32k range. At around 8:43 AM (EST), the crypto asset soared to $ 31,417 per bitcoin, hitting an all-time high again.
The cryptocurrency hashrate on Saturday morning hovers around 135 exahash per second with 18 mining pools allocating hash to the Bitcoin blockchain. The mining operation F2pool captures 18% of the hashrate or 26.31 exahash per second.
Many crypto supporters celebrated bitcoin’s new price hike. After the $ 30k crossover, market maniac Holger Zschaepitz said, “Bitcoin is above 30k for the first time ever, just 17 days after the cryptocurrency passed 20k.”
Another person wrote, “Well, bitcoin breaking is $ 30k [definitely] a solid way to start the year. “
A number of bitcoiners wholeheartedly believe in the price of BTC will climb much higher than the $ 30k handle. “Don’t sell your sats to mega institutional investors for $ 30k,” tweeted Phil Geiger. “They have a lot more resources than you and they will happily pay you $ 200k for a bitcoin.”
The onchain researcher, Willy Woo, has said that people should not stress that they are investing in bitcoin at this price, when the price could very well hit $ 300k. “If you’re looking for a long-term entry for HODL Bitcoin, don’t buy any money,” Woo tweeted. “You’re not going to sweat a few thousand dollars in imperfect entry if it’s $ 100,000, $ 200,000, $ 300,000 in a year.” Woo added:
The main bull phase is here. Capital inflow [have] gone mad.
Since bitcoin (BTC) kicked off its bullish rise and crushed its 2017 high, the crypto asset hasn’t seen a major decline yet. In 2017 BTC saw about four lose 25-38% on the ride uphill. One analyst says the monthly momentum indicator indicates we could see a major downturn soon.
“Something interesting that I’ll be wary of (interesting, but not doable in and of itself),” the trader Anderson told his 64,000 Twitter followers. “The last and only time BTC We saw monthly momentum reading this high, we saw a 38% backlash [and] recovered over the month and continued exponentially.
At the time of publication, the full market valuation of all 7500+ digital assets is close to $ 800 billion and is steadily rising to $ 1 trillion. Bitcoin’s market capitalization of the whole worth $ 573 billion crypto market economy.
Currently bitcoin (BTC) trades at $ 31,200 per unit on Saturday, January 2, 2021.
How about bitcoin surpassing the $ 30,000 price zone on a Saturday morning? Let us know what you think in the comments section below.
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