Bitcoin crushes previous historical price highs by surpassing the 2017 bull run

The digital currency markets are in crisis this week, as a myriad of crypto assets have made huge gains over the past couple of days. Then finally, on November 30, 2020, the largest blockchain in terms of market capitalization, bitcoin (BTC) surpassed its all-time highs of 2017 (ATH) after crossing the long-awaited $ 19,860 zone on Monday morning (EST).

• The entire cryptocurrency economy has increased significantly in value and on Monday, November 30, 2020, as the volume of global trading is over $ 34 billion. Additionally, out of over 7,500 cryptocurrencies in existence, the market valuation hovers well above the $ 547 billion zone.
• Bitcoin (BTC) prices hit a lifelong all-time high surpassing $ 19,666 per unit (Bitstamp ATH) on Monday November 30, 2020, reaching $ 19,864. The crypto asset has increased by more than 8% in the past 24 hours, by 5% during the week and by more than 40% in the past 30 days.

• Despite the increase in the price of BTC, the currency’s dominance index (value of market capitalization measured against the entire valuation of all crypto markets) remains today at 63%. Bitcoin’s dominance index has not risen any higher, as numerous altcoins have recorded huge gains over the past 48 hours.
• At a current price of over $ 19,500 per unit, bitcoin’s market capitalization today hovers around $ 362 billion. The market capitalization of BTC is greater than each of the four largest banks in the world; JPMorgan Chase USA, ICBC China, BAC USA and CCB China.
• BTC’s SHA256 hashrate (processing power) is running at 130 exahash per second (EH / s) and there are 17 mining pools pointing the hashrate on the network. Mining for bitcoin (BTC) is difficult today as the difficulty metric is 19.16 trillion, but in 13 days it is expected to rise to over 20 trillion.
• Bitcoin’s issuance rate or inflation rate has dropped significantly since the third block reward halved last May. At the time, the inflation rate was around 3.6-3.8% and on Tuesday, at the end of November, the inflation rate is now 2.69% and continues to decline.

• “The narrative of bitcoin as a safe alternative to traditional finance has no doubt been established,” Vijay Ayyar, head of Asia Pacific and Luno Exchange at Luno, told news.Bitcoin.com. “Gold is starting to become less relevant especially for the younger population and investors and this transition from gold to bitcoin has just begun.”

• The second largest blockchain, in terms of market capitalization, ethereum has increased significantly in value over the past week. Ether is trading between $ 590 and $ 600 per ETH, and the crypto asset is up 0.54% this week and 58% over the past 30 days. Ethereum’s market valuation on November 30 is around $ 67 billion.
• The third position held by XRP has seen a jump of more than 8% over the past week. XRP is currently trading for $ 0.64 per unit, and the 30-day stats show that XRP has risen more than 94% to reach its current position. XRP’s moves managed to push the tether (USDT) down to the fourth largest position.
• The fifth largest blockchain, in terms of market capitalization, belongs to bitcoin cash (BCH) on Monday November 30th. BCH has a liquid market cap of over $ 5.5 billion, and each coin is trading between $ 290 and $ 301 per unit. Cash bitcoin prices have still dropped more than 5% over the past seven days and just above 16% over the past 30 days.
• At the time of publication, bitcoin (BTC) is back slightly after hitting a high on Monday and is currently trading for $ 19,500 per coin. A second attempt to break the $ 20k price zone could very well be in the cards later today.

Check out all the cryptocurrency price action today in real time by leveraging markets.Bitcoin.com for the latest values ​​on your favorite digital assets.

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