The price of Bitcoin hit a record high on Saturday morning, reaching $60,120 per unit at around 6:25 AM Eastern Time. Bitcoin’s current market valuation is $1.12 trillion, with a dominance of approximately 61.9%, while Ethereum now accounts for 12% of the total $1.70 trillion market capitalization of all 8,792 digital assets in the crypto economy.
The price of Bitcoin (BTC) once again set a new lifetime price high on March 13, 2021 (Sunday), reaching $60,120/BTC. In the past 24 hours, BTC has risen by 6.9% and over 23% respectively in the past 7 days. As of press time, BTC’s global trade volume is approximately 27 billion U.S. dollars.
Statistics show that Bitcoin (BTC) has risen by 212% in the past three months and 975.83% against the U.S. dollar in the past 12 months. Percentage statistics for a month show that BTC rose by more than 24% on Sunday.
On Thursday, Tether (USDT) was the largest trading pair for BTC, accounting for 50.2% of Bitcoin transactions. This is followed by the US dollar (19.37%), the Japanese yen (6.6%), the US dollar (5.65%), the euro (5.2%) and the Korean won (3%).
The on-chain indicators of Intotheblock statistics show that the holders who make a profit at the current price are close to 100%. The concentration of large shareholders is 11%, and the holding time by composition is 58%, which is more than one year.
At the same time, since BTC captured the new high price, the network hash rate was also running at a rate of 161 exahash per second at the time of release. Despite the fact that BTC’s mining difficulty is the highest ever, 21,448,277,761,059 (21.45 trillion).
The data also shows that as of today, the number of mining pools for BTC has dropped to 16. At the time of launch, F2pool was still the main miner on the BTC network, capturing a hash rate of 19.7% or 31 EH/s.
In addition, without the help of any bank, corporate entity, or government, the Bitcoin network has reached a milestone after the global transfer of 3.5 trillion US dollars.
Bitcoin’s new high prices have been positive, and Bitfinex’s CTO Paolo Ardoino is optimistic about the long-term prospects of BTC. “In the case of relatively low trading volume, Bitcoin has further strengthened its upward momentum. It seems that investors may be waiting outside the market to find a direction. At the same time, it is important to note that Bitcoin is not just an asset for large institutions and companies. Rising,” Ardoino said in an investor note on the Bitcoin.com news station.
“In the Bitcoin ecosystem, there is a lot of work to be done,” Ardoino added. “The layer under construction can well define how multiple payments will be made by the end of this decade. Bitcoin is the basic layer that the ecosystem will eventually replace the entire payment and credit card industry.”
At the time of writing, Ethereum (ETH) was up more than 6% to $1,883, Bitcoin Cash (BCH) was up 5.47% to $565, and the top ten with the biggest gains was Cardano (ADA), which gained more than 7% today , And the swap transaction fee is $1.15 per unit.
What do you think of Bitcoin’s record high on Saturday? Let us know your thoughts on this topic in the comments section below.
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