The price of bitcoin reached a new record on Saturday morning (EST), reaching $ 31,000 per currency. At around 8:43 am, the value of bitcoin rose to $ 31,417 per unit, with about $ 12 billion in global trade volume.
Bitcoin (BTC) surpassed the $ 31,000 price zone and jumped very close to the $ 32,000 range. At around 8:43 am (EST), the crypto asset reached $ 31,417 per bitcoin, reaching another historic record.
BTC increased 5% in the last 24 hours, 15% in the week, 58% in the last month and 187% in the 90-day period. Over the past 12 months against the U.S. dollar, bitcoin (BTC) has gained 315%.
The cryptographic asset hashrate on Saturday morning is hovering around 135 exahash per second, with 18 mining pools hashing the Bitcoin blockchain. The F2pool mining operation captures 18% of the hashrate or 26.31 exahash per second.
Many crypto advocates celebrated the new bitcoin price hike. After crossing $ 30,000, market maniac Holger Zschaepitz said: “Bitcoin reaches 30,000 for the first time just 17 days after the cryptocurrency has exceeded 20,000.”
Another individual wrote, “Well, bitcoin breaking $ 30k is [definitely] a solid way to start the year. “
Several bitcoiners sincerely believe that the price of BTC will rise much more than the price of $ 30,000. “Don’t sell your sats to institutional mega-investors for $ 30,000,” tweeted Phil Geiger. “They have a lot more resources than you do and will be happy to pay $ 200,000 for a bitcoin.”
Onchain researcher Willy Woo said people shouldn’t worry about investing in bitcoin at that price, when the price could very well reach $ 300,000. “If you’re looking for a long-term entry into HODL Bitcoin, don’t make money and money an entry,” tweeted Woo. “You are not going to sweat a few thousand dollars for a non-perfect entry when it’s $ 100k, $ 200k, $ 300k in one year.” Added Woo:
The main phase of the bull is here. Capital inflows [have] gone mad.
Since bitcoin (BTC) started its bullish run smashing the 2017 historic record, the crypto asset has yet to see any significant setback. In 2017, BTC had about four losses of 25-38% during the increase. One analyst said that the monthly momentum indicator shows that we may see a major downturn soon.
“Something interesting that I will be on guard for (interesting, but not actionable on its own),” said marketer Anderson to his 64,000 Twitter followers. “The last and only time that BTC we saw a monthly boost reading so high, we saw a 38% drop [and] an intra-month recovery and continued exponentially.
At the time of publication, the entire market valuation of all more than 7,500 digital assets is close to $ 800 billion and steadily advancing to $ 1 trillion. Bitcoin’s market capitalization captures $ 573 billion across the market crypto economy.
Currently, bitcoin (BTC) is trading for $ 31,200 per unit on Saturday, January 2, 2021.
What do you think of bitcoin surpassing the $ 30,000 price zone on Saturday morning? Let us know what you think in the comments section below.
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