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Bitcoin hits US$30,000 milestone

Bitcoin historical maximum value of US$31,388.38 (Source: Coin Stats)
Bitcoin historical maximum value of US$31,388.38 (Source: Coin Stats)
With a daily low of less than US$29,000 and a maximum price of no less than US$31,388.38, today is a very exciting day for Bitcoin investors. The value of this cryptocurrency is now 25% higher than a week ago, and the monthly growth is an impressive 63.95%. Considering these, the "US$100,000 in 2021" predictions no longer seem outrageous.

Bitcoin ended 2020 with a blast, as the world's most popular cryptocurrency had managed to break the US$25,000 barrier on December 26 and to get all the way up to US$29,273 on the last day of the year. Sadly, those who placed bets on the US$30,000 milestone were just two days away from the truth.

Yesterday, the maximum value of a Bitcoin did not exceed US$30,000 either, but there was a minor increase over December 31 — from US$29,273 to US$29,560. However, today it looks like all hell is breaking loose. As I write this, the maximum value reached today is US$31,388.38,, but there are still roughly 8 hours left until January 3.

The trading volume for the last 24 hours is US$30.7B, with a market cap of US$579.7B. The Bitcoin value figures for the last year are impressive: 319.82% yearly, 243.80% over the last 6 months, 192.10% during the last 3 months, and a consistent 63.95% growth in the last month. Those who predicted that a Bitcoin would trade for US$100,000 before the end of 2021 were usually considered out of their mind, but they might soon be hailed as visionaries. 

As usual, if you have any crypto-related story/advice/prediction you would like to share with the rest of us, the comments section is all yours.

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Codrut Nistor, 2021-01- 2 (Update: 2021-01- 2)