$28600, All time high, ATH, Bitcoin (BTC), Bitcoin Value, bitcoin's price, BTC, BTC Price, Crypto asset, Crypto markets, Erik Voorhees, market, Market Prices, Peter Schiff, Traders, trading, U.S. Government, USD

The price of bitcoin touched an all-time high at 3:12 a.m. (EST) during the early morning trading sessions reaching $28,600. The crypto asset’s market valuation is over $519 billion on Wednesday, as bitcoin markets command over 14 billion dollars in global trade volume.

Bitcoin (BTC) markets soared again on Wednesday morning, as the price per unit jumped to an all-time high (ATH) of around $28,600. BTC’s dominance index, in comparison to the 7,500+ crypto asset valuations in existence, is over 70% or $519 billion out of crypto economy’s $741 billion.

Statistics show that BTC has gained over 20% during the last seven days, 41% over the course of the month, 162% in the last three months, and a whopping 288% for the year against the U.S. dollar.

$28600, All time high, ATH, Bitcoin (BTC), Bitcoin Value, bitcoin's price, BTC, BTC Price, Crypto asset, Crypto markets, Erik Voorhees, market, Market Prices, Peter Schiff, Traders, trading, U.S. Government, USD
At a touch after 3 a.m. on Wednesday morning (EST), BTC/USD prices touched a high of $28,600 per unit on Bitstamp.

Bitcoin has seen $19.28 billion in transaction volume during the last 24 hours. Moreover, BTC miners have captured $2.85 million in 24-hour fee revenue. On Wednesday there are 1,146,131 active bitcoin (BTC) addresses.

A recent report published by the digital currency exchange Luno details that bitcoin (BTC) “crushed stock markets this year.â€

“The big winner of 2020 is bitcoin, seeing a massive increase of 269%. This is compared to just 45% for Nasdaq,†the Luno report notes.

$28600, All time high, ATH, Bitcoin (BTC), Bitcoin Value, bitcoin's price, BTC, BTC Price, Crypto asset, Crypto markets, Erik Voorhees, market, Market Prices, Peter Schiff, Traders, trading, U.S. Government, USD

“In 2020, bitcoin finally got the attention of institutional investors,†Luno’s week 52 update explains. “The broad financial markets have been volatile amid the Covid-pandemic, but the central banks have intervened pushing monetary stimulus and governments have launched large fiscal stimulus packages. The backdrop of the intervention has been a sharp increase in M2 (+25%) and looming fears of inflation. This in turn brought institutional attention to Bitcoin, due to its store of value properties.â€

The web portal bitcointreasuries.org shows there are now 29 companies with over 1.1 million BTC or 5.48% of the supply. Using today’s exchange rates the bitcoin treasuries list is valued at over $32 billion on December 30.

While bitcoin prices touched new highs, the vocal gold bug and economist, Peter Schiff, said that he believes bitcoiners should be worried about the U.S. government. “Bitcoin promoters believe that Bitcoin is an actual threat to central banks and the fiat monetary system,†Schiff tweeted on Wednesday. “Yet despite this belief, they also believe that the U.S. government, which has the most to lose if bitcoin succeeds, will take no action to protect itself from this threat.â€

Shapeshift founder Erik Voorhees disagreed with Schiff’s statement and said: “Literally no bitcoiner believes the state will take no action against bitcoin. The entire system is designed with the assumption of total adversity,†Voorhees added.

What do you think about bitcoin reaching $28,600 on global exchanges? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday […]

Xem chi tiết: Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely†headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests […]

Xem chi tiết: Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

Xem chi tiết: Crypto Payments App Bottlepay Is Now Available Across Europe

Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery†of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private […]

Xem chi tiết: Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access. According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner. Forusall and Coinbase’s Institutional Arm Offer Crypto-Infused Alt 401(k) Plan […]

Xem chi tiết: Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

Bitcoin.com Games Player Gets Lucky Big Time, Wins 5 BTC on Popular Online Slot

FBI Agent Recovers Private Key to $2.3M in Bitcoin Paid to Colonial Pipeline Hackers

Two-Fifths of Australian Millennials Prefer Crypto Investments Over Real Estate

While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan

Out of Thousands of MIT Students That Got Free Bitcoin in 2014 – 6 Year Holders Saw 13,000% Gains

Other Articles