Bitcoin Price Reaches $37,000
Bitcoin Price Reaches $37,000
January 7, 2021
Bitcoin Price Reaches $37,000
Bitcoin Price Reaches $37,000
January 7, 2021

The Bitcoin (BTC) price has reached an all-time high again jumping above the $37,000 zone to $37,400 per coin.

It has been reported that the crypto asset’s market valuation is around $689 billion, as it has seen $26 billion in trade volume worldwide.

However, the entire crypto-economy surpassed the $1 trillion mark on January 6 (Wednesday) evening.

The report said that Bitcoin is up 27% during the last seven days, 91% for the month, and 235% for the 90-day span. It is also up more than 350% against the US dollar for the last 12 months. The Bitcoin network hashrate has also skyrocketed during the last 24 hours as miners are dedicating 162 exahash per second (EH/s) to the BTC network.

Brandon Mintz, the executive at the Bitcoin Depot, said:

“The scarcity of BTC compared to the printability of dollars is likely to attract savvy individuals looking to diversify their assets in the event of a lapse in the traditional financial system. As the adoption rate of BTC increases and the supply remains constant, the value of BTC will only continue to rise.”

Likewise, as BTC crossed a new ATH, digital assets like ETH, ADA, BCH, LINK, and XLM have all seen percentage gains between 8% and 70%.

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Ethereum’s market cap, which is sticking around $138 billion, is partly the reason BTC’s dominance has dropped a few percentages.

Thus, according to exchange data, the entire market cap of all 7,500+ crypto assets is approximately $1,000,395,709,742.

Source: Bitcoin News


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.