Bitcoin markets have seen a lot of action this weekend as the crypto asset price hit a new all-time high (ATH) of $ 28,378 per coin. By the end of 2020, the cryptocurrency’s market cap has surpassed a whopping half of a trillion US dollars in value.
The leading cryptocurrency based on market valuation, bitcoin (BTC), has increased in value enormously in recent days. At the time of publication, the asset trades between $ 27,250 and $ 27,750 each BTC on Sunday mornings (8-9: 30 a.m. EST).
A few days ago, on December 24, BTC traded at $ 23,796 per unit meaning it gained more than 14% in the last three days. Data from markets.Bitcoin.com show that the BTC dominance index has surpassed 70% trading with total market cap of $ 510 billion today.
There are approximately 18,582,450 BTC in circulation today and for the past 24 hours, bitcoin (BTC) has seen a global trade volume of $ 21 billion. The stablecoin necklace (USDT) is still the dominant pair against BTC 56% of all transactions on Sundays. This is followed by trading pairs such as the USD (15.22%), JPY (8.08%), EUR (5.13%), KRW (3.52%).
With today’s exchange rate BTCThe current difficulty and electricity costs of about $ 0.06 per kilowatt hour (kWh) show that miners are benefiting significantly in this price range. Statistics show that today’s best mining rig is the Bitmain Antminer S19 Pro (110TH / s), which rakes 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 hashrate of the Bitcoin network 136 exahash per second, and there are a total of 18 pools that use 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 has also seen a lot of interest in recent weeks Google trend data shows that the term “bitcoin” has a rating of 96 out of 100. The term and topic “bitcoin” is also quite popular on Twitter on Sunday mornings with over 225,000 tweets about the crypto assets.
Many people have discussed how BTC outperformed Visa’s market cap and is steadily gaining over Berkshire Hathaway. In fact, bitcoins (BTC) overall rating makes it the 11th Most Valuable Global Asset, in contrast to the top ten companies worldwide.
Bitcoin’s market cap is now over $ 510 billion. That puts it just below Warren Buffett’s Berkshire Hathaway, the 10th largest company in the world, ”one person tweeted on Sunday.
What do you think of bitcoins (BTCrecent price performance? Let us know what you think about this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Assetdash.com, Bitcoin Wisdom, Bitstamp BTC / USD,
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