Bitcoin has hit a new all-time high against the USD, as noted on Bitstamp, breaking its previous high of $ 19,666.00 on the stock market on December 13, 2017.

The specific price of BTC against the fiat currency at any given point in time depends on the rate set by specific exchanges, and the stated highest price or price ever at any given point in time depends on the specific data set being referenced. While Bitstamp does not list the all-time highest bitcoin price on an exchange (BitfinexBitcoin, for example, was trading at $ 19,891 on Dec. 11, 2017), the data stream represents one of the longest-running bitcoin exchanges in history.

The all-time high reached today represents a major milestone in a bitcoin bull market that began in early March 2020, when the price soared from a low in the USD 3,000 range. Since then, it has reached more than six times its value in less than nine months. Bitcoin has one all-time market capitalization high on November 17, 2020.

While bitcoin in itself is a monetary system, which does not depend on value against USD or any other fiat system, the USD price of 1 BTC is a popular measure to indicate the growing adoption of Bitcoin. In many ways, bitcoin has been the top-performing financial asset in the world since it was introduced by Satoshi Nakamoto in January 2009.

Ever thought about contributing to Bitcoin Magazine?

Bitcoin Magazine is currently seeking submissions for articles about Bitcoin’s unforgettable 2020 and what awaits Bitcoin in 2021. If you have ideas for articles and would like to contribute, please contact

Peter Chawaga is a senior editor at Bitcoin Magazine. He HODLs BTC.

Source link