Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit
The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit.
Bitcoin Records New All-Time Price High
- The fiat value of bitcoin (BTC), measured in U.S. dollars, has reached an all-time high. The price has touched $66,299 per unit on Bitstamp, surpassing the digital asset’s ATH captured six months ago. At press time, there’s $39.6 billion in trade volume dedicated to bitcoin (BTC) trading.
- Bitcoin’s market cap is $1.223 trillion and it is the sixth most valuable asset on the planet today.
- Bitcoin’s ATH follows the launch of the Proshares Bitcoin Strategy ETF (BITO) that was listed on October 19, 2021. The bitcoin exchange-traded fund is the first ETF ever to be approved in the United States and it’s based on bitcoin futures markets.
- Bitcoin’s greatest pair today is tether (USDT) commanding 59.97% of all BTC trades. This is followed by USD (14.99%), BUSD (4.61%), JPY (3.33%), EUR (3.20%), KRW (2.27%), and AUD (2.16%).
- The top exchanges today include Coinbase, FTX, Bitfinex, Bitstamp, and Kraken, respectively. Coinbase commands 20.25% of the BTC volume today and FTX captures 14.68%.
- Year-to-date, bitcoin (BTC) is up 456% in value and during the last 30 days, BTC has risen 37.8%.
- At current prices, bitcoin dominance is currently at 45.4% and ethereum (ETH) dominance is about 17.3%.
- Only 12 cryptocurrencies have outperformed BTC’s seven-day gains. Crypto assets like OKB, MATIC, and ZEC have seen gains above 19% this past week.
- Bitcoin’s hashrate has been hovering around 140 exahash per second and the network’s next mining difficulty change is 12 days away.
What do you think about bitcoin smashing a new all-time high on Wednesday? Let us know what you think about this subject in the comments section below.
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Author: Jamie Redman