Bitcoin markets have seen a lot of action this weekend, when the price of the crypto asset reached another historic record (ATH) at $ 28,378 per currency. By the end of 2020, the market capitalization of the cryptocurrency exceeded an impressive half of a trillion US dollars in value.
The leading cryptocurrency in market valuation, bitcoin (BTC), has increased immensely in value in the past few days. At the time of publication, the asset is trading between $ 27,250 to $ 27,750 by BTC on Sunday morning (8-9: 30 AM EST).
A few days ago, on December 24, BTC was trading for $ 23,796 per unit, which means it has gained more than 14% in the last three days. Markets.Bitcoin.com data shows that the BTC dominance index has surpassed the 70% index, with an overall market capitalization of $ 510 billion today.
There are approximately 18,582,450 BTC in circulation today and during the past 24 hours, bitcoin (BTC) has reached $ 21 billion in global trade volume. The stablecoin tether (USDT) is still the dominant pair against the BTC on Sunday, capturing 56% of all trades. This is followed by trading pairs such as USD (15.22%), JPY (8.08%), EUR (5.13%), KRW (3.52%).
During the past seven days, BTC rose 16.4% and 59.12% over the last month. The 90-day statistics show that the BTC gained 155%, and the 12-month data against the US dollar shows that the BTC rose 272% today.
Using today’s exchange rate, BTC’s current difficulty and an electrical cost of about $ 0.06 per kilowatt-hour (kWh) show that miners are profiting considerably in this price range. Statistics show that the main mining platform today is Bitmain Antminer S19 Pro (110TH / s), which is extracting $ 15.37 a 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 model ($ 10.38 / day).
Currently, the Bitcoin network hashrate is 136 exahash per second, and there are 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 getting a lot of interest in recent weeks, as Google’s trend data shows that the term “bitcoin” has a rating of 96 out of 100. The term and subject “bitcoin” is also up on Twitter the morning of sunday with more 225,000 tweets about the cryptographic asset.
Many individuals have discussed how BTC has overtaken Visa’s market capitalization and is gaining more and more over Berkshire Hathaway. In fact, the overall valuation of bitcoin (BTC) makes it the 11th most valuable global asset, in contrast to the ten largest corporations in the world.
“Bitcoin’s market capitalization is now over $ 510 billion. What puts it right below Warren Buffett’s Berkshire Hathaway, the tenth largest company in the world, ”an individual tweeted on Sunday.
What do you think of the recent bitcoin (BTC) price performance? Let us know what you think about this in the comments section below.
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