U.At this time – , the biggest cryptocurrency by market capitalization, simply reached a brand new all-time excessive of $82,400 precisely 14 years after its value settled at simply $0.50.
This enjoyable truth, shared by Bitcoin historian Pete Rizzo on X (previously Twitter), highlights how far Bitcoin has come since its beginnings.
In a tweet, Rizzo identified that 14 years in the past, one may purchase a single Bitcoin for simply $0.50. Quick ahead to right now, and Bitcoin's worth has skyrocketed, reflecting its rising acceptance and adoption the world over.
Bitcoin prolonged its run into the seventh day to achieve an all-time excessive of $82,400. Monday (NASDAQ:), earlier than altering palms at $82,375. On the time of writing, BTC was up 4% within the final 24 hours and 19% weekly. The bullish sentiment additionally boosted the expansion of all massive and mid-cap tokens.
16,379,700% enhance in AHU
Bitcoin hit a brand new all-time excessive on Monday, pushed by a continued rally, excessive buying and selling volumes over the weekend and bullish exercise within the futures market as merchants wager 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, representing a staggering enhance of 16,379,700%. This highlights the unimaginable journey and progress of digital forex through the years.
Bitcoin is up practically 94% thus far in 2024, pushed by sturdy demand for devoted U.S. exchange-traded funds and the Federal Reserve's rate of interest minimize.
ETFs, led by BlackRock Inc's (NYSE:) $35 billion iShares Bitcoin Belief, noticed a report every day web influx of practically $1.4 billion final Thursday, breaking March's report of $1.1 billion. Moreover, buying and selling quantity for the iShares ETF reached an all-time excessive final week.
In keeping with Wu Blockchain, from November 4 to eight, Bitcoin spot ETFs noticed a web influx of $1.63 billion final week, the BlackRock ETF IBIT noticed a weekly web influx of $1.25 billion, and the Constancy Bitcoin ETF FBTC noticed a weekly web influx of $295. million.
Merchants are eyeing the $100,000 degree for BTC within the close to time period as expectations for BTC value rise.
This text was initially revealed on U.At this time
