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The price of bitcoin hit a new all-time high on Saturday morning to hit $ 60,120 per unit around 6:25 a.m. (ET). Bitcoin now has a market valuation of $ 1.12 trillion and dominance level of around 61.9%, while ethereum now commands nearly 12% of the $ 1.70 trillion cap of all 8792 digital assets of the crypto-economy.
- The price of bitcoin (BTC) again captured a new lifetime price reaching $ 60,120 per BTC on Sunday, March 13, 2021. In the last 24 hours, BTC has gained 6.9% and over 23% over the past 24 hours. last seven days. At the time of going to press, BTC had approximately $ 27 billion in global trade volume.
- Statistics show that bitcoin (BTC) has gained 212% over the past three months and 975.83% against the US dollar over the past 12 months. One-month percentage statistics show BTC rose more than 24% on Sunday.
- On Thursday, tether (USDT) is the largest BTC trading pair capturing 50.2% of Bitcoin transactions. Next come the USD (19.37%), JPY (6.6%), BUSD (5.65%), EUR (5.2%) and KRW (3%).
- Onchain metrics from Intotheblock statistics show that the holders making a profit at the current price is close to 100%. The concentration of large holders is 11% and the time of holders by composition is 58% for one year +.
- Meanwhile, as BTC has captured a new high price, the network hashrate is also running at 161 exhash per second at the time of posting. This despite the fact that BTC mining difficulty is the highest ever at 21,448,277,761,059 (21.45 trillion).
- The data also shows that the number of BTC mining pools has fallen to 16 pools so far. F2pool is still the dominant miner on the BTC network capturing 19.7% of the hashrate or 31 EH / s at the time of publication.
- In addition, the Bitcoin network has taken a major step forward after transferring $ 3.5 trillion around the world without the help of banks, business entities, or governments.
- The new high Bitcoin prices have been positive and Bitfinex CTO Paolo Ardoino is bullish on BTC’s long-term outlook. “Bitcoin continued its bullish momentum amid relatively low trading volumes. It looks like investors may be sitting on the sidelines looking for direction. Meanwhile, it’s important to note that bitcoin is not just emerging as an asset for large institutions and businesses, ”Ardoino said in a note to investors at the Bitcoin.com press office. .
- “There is so much work going on under the hood in the Bitcoin ecosystem,” Ardoino added. “Layers are being built that may well define how a multitude of payments are made by the end of this decade. Bitcoin is the fundamental building block of this ecosystem to eventually replace the entire payments and credit card industry. “
- At the time of writing, ethereum (ETH) is up over 6% to $ 1,883, Bitcoin Cash (BCH) is up 5.47% to $ 565, and the biggest winner in the top ten is cardano (ADA) up well over 7% today and swapping for $ 1.15 a unit.
What do you think of Bitcoin hitting a new all-time high on Saturday? Let us know what you think of this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Bitcoinwisdom, Coin Metrics,
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