The price of bitcoin is currently setting new records.
In fact, according to data reported on CoinMarketCap, in the last three days, new all-time highs have been recorded.
After reaching $24,200 for the first time in its history on December 20th, the price seemed to have settled in a range between $22,000 and $24,000, but on Christmas Day a new rapid and powerful rise began.
On December 25th, a new all-time high was reached at $24,700, surpassed the following day by a new all-time high at $26,700.
Yesterday, Sunday, December 27th, 2020, the symbolic high of 27,000$ was also broken, with a new all-time high of 28,200$.
This represents an increase of almost 20% in three days, followed by a rebound towards $27,000.
Compared to the beginning of the month, when the price was at $19,600, the increase in value was over 40%, and compared to the beginning of November it is over 100%.
That is, in less than two months the price of bitcoin has more than doubled, while compared to a year ago it has more than tripled.
Bitcoin, the record price causes the market cap to soar
Another psychological barrier has also been broken in recent days, namely that of half a trillion dollars of market capitalization.
In fact, bitcoin’s market cap is currently over $500 billion, which is not much less than that of Facebook and Alibaba, in line with that of Tencent, higher than that of Warren Buffett’s Berkshire Hathaway, and much higher than that of companies such as Visa, Walmart or Nestlé.
It is worth noting, however, that other cryptocurrencies have also seen significant increases in value over the past week, although not to all-time highs.
In particular, Ether gained 13% in seven days, as did Litecoin, while Polkadot and Monero gained 7%.
XRP, on the other hand, is in contrast to the trend, losing almost 50% due to problems with the SEC. Bitcoin Cash and Chainlink also lost between 3% and 4%, while Cardano and Binance Coin are holding their ground.