Bitcoin Breaks Past $18,000 As Rally Continues Bitcoin Breaks Past $18,000 As Rally Continues


Bitcoin Breaks Past $18,000 As Rally Continues

updated on:30 Nov 2020

Bitcoin’s (BTC) price today hit $18,000, an increase of 5% over the past 24 hours. Overall, the weekly price has increased by 0.74%, ending the week at a slightly better place than it started.
Around $18,000, Bitcoin is in a less tempestuous place than it was earlier in the week. On Thursday, November 26, the world’s largest cryptocurrency went through a meltdown (for a variety of reasons) when the coin crashed in value by $3,000 in a single day.

Bitcoin’s plummeting price led to a sell-off the next day when the number of "wholecoiners", addresses holding at least one whole Bitcoin, dropped by nearly 1,000, as reported by Decrypt.
Today’s leveling-off is the continuation of a rally that began on Friday when the price started picking up from lows of $16,700, reaching $17,180 on Friday midnight UTC.

But the real spectacle lies in the monthly price performance; Bitcoin went from $10,500 to almost $20,000 between October and late November.

Bitcoin's 24-hour trading volume today hit $36.218 billion, up by 8.1% from yesterday's $33.390 billion.

The global crypto market cap has reached $537 billion, an increase of 5% over the past 24 hours. Bitcoin accounts for $335 billion of the global market cap, or 62%.

Other cryptos in the top three are also on the rise, and indeed at a better rise than Bitcoin. Ethereum's price reached $551, is a daily increase of 6% and a weekly increase of 5.40%.
XRP continues to ride the wave of the market rally, reaching $0.61 today, an increase of 9.46% over the past 24 hours. XRP increased by 44.34% this week.
As of 13:35 UTC, Bitcoin’s price continues to settle at around $18,000.

Share this Blog with your friends


No Comments

Suggested Content

Bitcoin 'Doesn’t Fulfill Basic Properties of Money': ECB Board Member

updated on:10 Apr 2021

Isabel Schnabel, Member of the Executive Board of the European Central Bank (ECB), has described Bit

Continue Reading

Bitcoin ETF Approval Will Happen: Morgan Creek’s Mark Yusko

updated on:9 Apr 2021

Morgan Creek Capital Management CEO Mark Yusko has expressed his confidence that a Bitcoin ETF will

Continue Reading

Ukrainian Officials Own $2.67 Billion in Bitcoin: Report

updated on:9 Apr 2021

Civil servants and officials in Ukraine are holding a significant amount of Bitcoin (BTC) and other

Continue Reading

JP Morgan's Jaime Dimon: Bitcoin Regulation a ‘Serious Emerging Issue’

updated on:8 Apr 2021

The legal and regulatory status of Bitcoin and other cryptocurrencies is something that needs to be

Continue Reading

Bitcoin Toys With $60k, BNB Hits All-Time High and Ethereum Creeps Past $2,000

updated on:3 Apr 2021

It’s all systems go for the crypto market.  Binance Coin hit a new all-time high of $3

Continue Reading