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Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

Bitcoin Price Touches $28,600, Crypto Asset’s Value Gains Over 288% in 2020

Bitcoin Price Touches $28,600, Crypto Asset's Value Gains Over 288% in 2020

The price of bitcoin touched an all-time high at 3:12 a.m. (EST) during the early morning trading sessions reaching $28,600. The crypto asset’s market valuation is over $519 billion on Wednesday, as bitcoin markets command over 14 billion dollars in global trade volume.

Bitcoin (BTC) markets soared again on Wednesday morning, as the price per unit jumped to an all-time high (ATH) of around $28,600. BTC’s dominance index, in comparison to the 7,500+ crypto asset valuations in existence, is over 70% or $519 billion out of crypto economy’s $741 billion.

Statistics show that BTC has gained over 20% during the last seven days, 41% over the course of the month, 162% in the last three months, and a whopping 288% for the year against the U.S. dollar.

Bitcoin Price Touches $28,600, Crypto Asset's Value Gains Over 288% in 2020
At a touch after 3 a.m. on Wednesday morning (EST), BTC/USD prices touched a high of $28,600 per unit on Bitstamp.

Bitcoin has seen $19.28 billion in transaction volume during the last 24 hours. Moreover, BTC miners have captured $2.85 million in 24-hour fee revenue. On Wednesday there are 1,146,131 active bitcoin (BTC) addresses.

A recent report published by the digital currency exchange Luno details that bitcoin (BTC) “crushed stock markets this year.”

“The big winner of 2020 is bitcoin, seeing a massive increase of 269%. This is compared to just 45% for Nasdaq,” the Luno report notes.

Bitcoin Price Touches $28,600, Crypto Asset's Value Gains Over 288% in 2020

“In 2020, bitcoin finally got the attention of institutional investors,” Luno’s week 52 update explains. “The broad financial markets have been volatile amid the Covid-pandemic, but the central banks have intervened pushing monetary stimulus and governments have launched large fiscal stimulus packages. The backdrop of the intervention has been a sharp increase in M2 (+25%) and looming fears of inflation. This in turn brought institutional attention to Bitcoin, due to its store of value properties.”

The web portal bitcointreasuries.org shows there are now 29 companies with over 1.1 million BTC or 5.48% of the supply. Using today’s exchange rates the bitcoin treasuries list is valued at over $32 billion on December 30.

While bitcoin prices touched new highs, the vocal gold bug and economist, Peter Schiff, said that he believes bitcoiners should be worried about the U.S. government. “Bitcoin promoters believe that Bitcoin is an actual threat to central banks and the fiat monetary system,” Schiff tweeted on Wednesday. “Yet despite this belief, they also believe that the U.S. government, which has the most to lose if bitcoin succeeds, will take no action to protect itself from this threat.”

Shapeshift founder Erik Voorhees disagreed with Schiff’s statement and said: “Literally no bitcoiner believes the state will take no action against bitcoin. The entire system is designed with the assumption of total adversity,” Voorhees added.

What do you think about bitcoin reaching $28,600 on global exchanges? Let us know what you think about this subject in the comments section below.

The post Bitcoin Price Touches $28,600, Crypto Asset’s Value Gains Over 288% in 2020 appeared first on Bitcoin News.



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