U.At the moment – , the biggest cryptocurrency by market cap, simply hit a brand new all-time excessive of $82,400 precisely 14 years after its worth hit simply $0.50.
This enjoyable reality shared by Bitcoin historian Pete Rizzo on X (previously Twitter) highlights how far Bitcoin has come since its early days.
In a tweet, Rizzo identified that 14 years in the past, one bitcoin might be purchased for simply $0.50. Quick ahead to as we speak, and the worth of Bitcoin has skyrocketed, reflecting its rising acceptance and adoption world wide.
Bitcoin prolonged its run to a seventh day, reaching an unprecedented $82,400 Monday (NASDAQ: ) earlier than altering fingers at $82,375. On the time of writing, BTC is up 4% within the final 24 hours and 19% on the week. Bullish sentiment additionally fueled progress throughout all main and mid-cap tokens.
16,379,700% enhance on ATH
Bitcoin climbed to a brand new all-time excessive on Monday, pushed by a sustained rally, excessive buying and selling volumes over the weekend and bullish exercise within the futures market, with merchants betting on additional positive aspects.
In the meantime, over the previous 14 years, Bitcoin has risen from simply $0.50 to a report excessive of $82,400, a staggering 16,379,700% enhance. This highlights the unimaginable journey and progress of the digital forex over time.
Bitcoin is up almost 94% to this point in 2024, helped by robust demand for devoted US exchange-traded funds and Federal Reserve rate of interest cuts.
ETF, managed by BlackRock Inc (NYSE: ). The $35 billion iShares Bitcoin Belief noticed a report each day web influx of almost $1.4 billion final Thursday, surpassing March's report of $1.1 billion. As well as, buying and selling quantity for the iShares ETF hit an all-time excessive final week.
Based on Wu Blockchain, from November 4 to November 8, Bitcoin spot ETFs had a web influx of $1.63 billion final week, BlackRock ETF IBIT had a weekly web influx of $1.25 billion, and Constancy Bitcoin ETF FBTC had a weekly web influx of $295 million.
Merchants are eyeing the $100,000 degree for BTC within the short-term as BTC worth expectations rise.
This text was initially revealed on U.At the moment
