Bitcoin traded at $19,046.17 USD with a daily trading volume of $51,548,246,565 USD, moving up 2.82% in the last 24 hours.
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The flagship crypto, Bitcoin, just hit a three year high, by breaking above $19,000
What you should know: At the time of writing this report, Bitcoin traded at $19,046.17 USD with a daily trading volume of $51,548,246,565 USD.BTC is up 2.82% in the last 24 hours.
It currently ranks at 1, with a market cap of $353,357,808,164 USD.It has a circulating supply of 18,552,700 BTC coins and a max.supply of 21,000,000 BTC coins.
Bitcoin is less than 4% away from the previous all time Olumide Adesina
Olumide Adesina is a France-born Nigerian.He is a Certified Investment Trader, with more than 15 years of working expertise in Investment Trading.
Featured Financial Market Analysis for a Fortune Global 500 Company.Member of the Chartered Financial Analyst Society.Follow Olumide on Twitter @tokunboadesina or email [email protected] Click to comment Your email address will not be published.
Comment Cryptocurrency Why Bitcoin still looks like a bargain
With prices exceeding $18,000 for the first time since 2017, BTC looks poised to break its previous all-time high.
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As stakeholders, players, and crypto wannabes ponder if increasing their stakes on Bitcoin, the world’s most popular crypto seems ideal now, despite the fact that it’s trading near a record high, Nairametrics decided to weigh in on some key fundamentals showing Bitcoin looks like a bargain.
With prices exceeding $18,000 for the first time since 2017, BTC looks poised to break its previous all-time high.More investors are holding bitcoin for wealth preservation.
READ: Bitcoin on high demand, hits 2-year high, trading $17,000
A recent report from Glassnode, revealed plummeting Bitcoin exchange balances support the narrative that investors intend to hold their flagship crypto more than ever before, taking into consideration that with the prevailing demand in play, and limited supply of Bitcoin, the price would most definitely go north.With prices exceeding $18,000 for the first time since 2017, $BTC looks poised to break its previous all-time high.
Meanwhile, plummeting #Bitcoin exchange balances support the narrative that investors intend to hodl.
Read more in The Week On-Chain 👇 https://t.co/fRTVsO1tqM pic.twitter.com/3VQWgsvmGO
— glassnode (@glassnode) November 23, 2020
Bitcoin liquidity continues its downward trajectory, buttressing that the macro bitcoin is becoming scarce for open sale.
It is also important to note that Bitcoin has a circulating supply of 19 million coins and a max supply of 21 million coins, meaning there are about 2million left to be mined.
READ: How Crypto can curb Nigeria’s high unemployment rate
Taking into account that about 4 million Bitcoins have been lost forever as a result of BTCs owners dying, and their next of kin not having access to such cryptos, it is fair to say there are only about 15million BTC presently in circulation to cater for over 7 billion people fighting to have a stake in Bitcoins, meaning that as BTC becomes scarce and more popular, it becomes a matter of time that the crypto asset valuation will hit the roof.
READ: Ripple hits a big bang, gains 30% Bottom line
It’s vital to consider the bias saying that as global financial regulators begin to implement their regulatory framework on cryptos, it could become a matter of months for global banks and multinationals to increase their buying pressures on BTC.Thereby, pushing the price beyond the reach of an average investor.Cryptocurrency 28 million merchants to be granted crypto usage on PayPal
PayPal CEO, Mr.Schulman recently hinted the company will allow the usage of crypto funding for 28 million merchants.
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