Crypto News Blocks

Bitcoin Rallies Above $18,000 And Is Poised To Surpass All-Time High

  • On Nov. 18, the price of Bitcoin briefly touched $18,000 — a level that hadn’t been seen in nearly three years. Over the last 30 days against the U.S. dollar, the leading cryptocurrency is up a whopping 54%.
  • In 2017, Bitcoin touched an all-time high of $19,600 on Bitstamp, but because of the three years of Bitcoin issuance from miners, BTC’s market cap is actually higher today than it was back then.
  • Crypto is witnessing a watershed moment. For the first time, it is being considered an enduring, fundamentally new asset class by the mainstream, with Bitcoin leading the way.
  • Data shows that at the current price levels, any person with over 55 BTC has crossed the millionaire zone. Statistics show that there are 664,900 unique addresses with anywhere between 1-10 BTC and 2.3 million unique addresses with 0.1 to 1 BTC each.
  • As Bitcoin continues to grow in value, the crypto asset’s inflation rate continues to drop lower. As of Nov. 18, Bitcoin’s inflation rate is just a shade above that at 2.71%.
  • By comparison, most central banks worldwide claim the financial institutions keep the inflation rate target around 2%.
  • Read the full story here.

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