Bitcoin Price Hits Always High – Bitcoin Magazine

Bitcoin has always hit a new highest price relative to USD as listed on Bitstamp, echoing its previous highest of $ 19,666.00 set on the exchange on December 13, 2017.

BTC’s fixed price relative to fiat currency at any given time depends on the rate set by certain exchanges, and the full-time listed price or high price at any given time depends on the specific data referred to. While Bitstamp does not list the highest all-time bitcoin price of any exchange (Bitfinex, for example, bitcoin was listed at $ 19,891 on December 11, 2017), its data stream represents one of the longest-running bitcoin exchanges in history.

The always high mark set today represents an important milestone in a bitcoin bull market that began in early March 2020, when the price rose from a low in the $ 3,000 range. Since then, it has reached more than six times its value in less than nine months. Bitcoin set all-time market capitalization high on November 17, 2020.

Although bitcoin is a financial system in its own right, it does not depend on value compared to USD or any other fiat system, the price of USD 1 BTC is a popular metric for an indication of Bitcoin’s growing acceptance. On many measures, bitcoin has been the best performing financial asset in the world since it was introduced by Satoshi Nakamoto in January 2009.

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Peter Chawaga

Peter Chawaga is a senior editor at Bitcoin Magazine. It’s BTC HODLs.