Happy 12th anniversary to Bitcoin. It’s yet another milestone since its genesis block creation in 2009. In line with this, the BTC price has also set a new all-time high (ATH) of $34,684.90.
Historically, BTC fell below $8,000 for the last two and a half years. However, it first cracked $20,000 in 2020. More so, it began 2021 strongly by breaking through the $30,000 price tag and continued to surge to $34,000. What a spectacular 12th-anniversary gift!
With the crypto being extremely bullish, the BTC price is expected to hit above $35K soon.
Precisely, the first bitcoin was created on January 3, 2009, by the anonymous creator Satoshi Nakamoto. In detail, it set its first all-time high in 2017 of $19,834.93. Similarly, in 2020, the record has been broken — setting a New All-Time High. Currently, the digital currency is trading at $32,397.76.
Additionally, the trading volume for Bitcoin has surged in the past few months. It skyrocketed to over $60 billion a day from around $10.44 billion a day in October 2020.
On the retail side, online platforms like Square Inc.’s Cash App, Robinhood, and PayPal Holdings Inc. allow users to buy and sell bitcoin directly.
Altcoins Show Some Gains
Meanwhile, a majority of altcoins have gained significantly. Ethereum added nearly 11.7% of value resulting in ETH surging past the $800 level. Notably, this is ETH’s highest price tag in almost three years. Polkadot (9%) and Litecoin (13.5%) have also gained double-digit percentages on a 24-hour scale.
Binance Coin (8%), Chainlink (12%), Cardano (3.5%), and Bitcoin Cash (8.3%) have also shown some positive gains. Decred (12%), BitTorrent (12%), NEAR Protocol (11%), FTX Token (11%), THETA (11%), and Quant (10%) follow.
The significant gains shown above reveal that the cumulative market capitalization of all cryptocurrencies had reached an even higher level now of $880 billion.