Image source : coindesk
It is widely known that total Market Capital of BTC has crossed $280 Billion and Bitcoin has become the most demanding, highest value bearing cryptocurrency with the highest market cap in the cryptocurrency world. Its market volume has raised upto $39.44 Billion.
Today's transaction count is around 31990 and each transaction cost was around $12.97.
Total returns was around 118.89%(for 24 hrs high) and 3.62%(24 hrs low) and $6.9 Billion valuation was transacted today.
Today's starting price per BTC was around $14800 and it achieved the highest value of $15934.56 at 6:44pm.(GMT+5:30) and is still maintaining over $15300 mark throughout the day.
During 2013, BTC price was suddenly hiked and it was traded around $1100+(approx) and after 4 years massive price hike was seen when some of the BTC exchanges was around $20000 per BTC in late 2017. On October 2020 it dropped to $13890(approx) per BTC. On 5'th November it crossed $14000 and within 24hrs it has crossed $15300 mark and is know maintaining it.
Image source : statista
_Why 2020 is a Crucial Year? _
In this year,
- Schulman, CEO of PayPal, accepted cryptocurrency.
- India, a highly populated country with 1.3 Billion population and a growing economy has removed ban
on cryptocurrency.
It is expected that price of 1 BTC will cross $20000 at the end of this year. Fluctuation of BTC Price more than 30% per day can be normal because it is a volatile currency.