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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 the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion

The price of bitcoin smashed through the last all-time high again jumping above the $37k zone to $37,400 per coin. The crypto asset’s market valuation is around $689 billion at the time of publication, as it has seen $26 billion in trade volume worldwide. Moreover, the entire crypto-economy surpassed the $1 trillion mark on Wednesday evening (EST) as well.

  • Bitcoin (BTC) has jumped over the $36k handle on Wednesday surpassing the cryptocurrency’s previous all-time high (ATH). At approximately 7:04 p.m. (EST), BTC touched an ATH of around $37,400 per unit.
  • Bitcoin is up 8.5% during the last 24 hours, 27% during the last seven days, 91% for the month, and 235% for the 90-day span. BTC is also up more than 350% against the U.S. dollar for the last 12 months.
Bitcoin Price Touches the $37K Zone, Crypto Economy's Market Cap Hits $1 Trillion
At approximately 7:04 p.m. (EST), BTC touched an ATH of around $37,400 per unit. Currently, BTC is still riding above the $37k handle.
  • Despite BTC’s price being so high, the Bitcoin dominance index is a tad lower. The metric shows bitcoin’s market dominance compared to all the other crypto assets in existence is around 68.5%, after riding high above 70% for a while.
  • 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. There’s approximately 19 mining pools with hashrate pointed at the blockchain and F2pool leads the pack.
  • The pools that follow F2pool include operations such as Huobi Pro, Binance Pool, Antpool, and Btc.com.
  • The executive at the Bitcoin Depot, Brandon Mintz, told news.Bitcoin.com that BTC’s scarcity is driving demand. “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,” Mintz said. “As the adoption rate of BTC increases and the supply remains constant, the value of BTC will only continue to rise.”
  • Meanwhile, as BTC crossed a new ATH, digital assets like ETH, ADA, BCH, LINK, and XLM have all seen percentage gains between 8% to 70%. Ethereum’s market cap, which is hovering around $138 billion, is partly the reason BTC’s dominance has dropped a few percentages.
  • Currently, the entire market cap of all 7,500+ crypto assets is approximately $1,000,395,709,742 according to exchange data.

For more live crypto market action, check out the real-time exchange stats at markets.Bitcoin.com.

What do you think about BTC’s latest all-time price high? Let us know what you think in the comments section below.

The post Bitcoin Price Touches the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion appeared first on Bitcoin News.



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