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October 2, 2022
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Bitcoin at $ 28,000: new price and market cap records

The price of bitcoin does not set new records and this time exceeds $ 28,000.

In fact, according to data reported by the CoinMarketCap, in the last three days, new maximums were recorded.

After hitting $ 24,200 for the first time in its history on December 20, the price seemed to have settled in a range between $ 22,000 and $ 24,000, but on Christmas Day a new, powerful and rapid increase began.

On December 25, a new ATH was reached at $ 24,700, surpassed the next day by $ 26,700.

Yesterday, Sunday, December 27, 2020, Bitcoin’s symbolic high of $ 27,000 was also broken, with a new historical high above $ 28,000.

This represents an increase of almost 20% in three days, followed by a recovery to $ 27,000.

In comparison with the beginning of the month, when the price was US $ 19,600, the appreciation was over 40%, and in relation to the beginning of November it is over 100%.

That is, in less than two months the price of bitcoin more than doubled, while compared to a year ago it more than tripled.

Bitcoin: record price causes market capitalization to skyrocket

Another psychological barrier has also been broken in recent days, that of half a trillion dollars of market capitalization.

In fact, bitcoin’s market capitalization is currently in excess of $ 500 billion, which is not much less than that of Facebook and Alibaba, in line with that of Tencent, greater than Warren Buffett’s Berkshire Hathaway and much greater than companies like Visa, Walmart or Nestlé.

It is important to note, however, that other cryptocurrencies also saw significant increases in value last week, although they have not reached all-time highs.

In particular, Ether gained 13% in seven days, just as Litecoin, Polkadot and Monero gained 7%.

XRP, on the other hand, contrasts with the trend, losing almost 50% due to problems with the SEC. Bitcoin Cash and Chainlink also lost between 3% and 4%, while Cardano and Binance Coin are holding back.

Source: Cryptonomist

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