Bitcoin All-Time Price High Surpasses $28K, BTC’s Half Trillion Market Cap Now Bigger Than Visa
Bitcoin markets have been seeing a lot of action IN December 2020, as the price of the crypto asset touched another all-time high (ATH) at $28,378 per coin. Toward the end of 2020, the cryptocurrency’s market capitalization has crossed a whopping half of a trillion U.S. dollars in value.
The leading cryptocurrency by market valuation, bitcoin (BTC), has climbed immensely in value during the last few days. At the time of publication, the asset is trading between $27,250 to $27,750 per BTC on Sunday morning (8-9:30 a.m. EST).
A few days ago, on December 24, BTC was swapping for $23,796 per unit, which means it has gained over 14% during the last three days. Data from markets.Bitcoin.com show that the BTC dominance index has surpassed the 70% handle with an overall market cap of $510 billion today.
There’s approximately 18,582,450 BTC in circulation today and during the last 24 hours, bitcoin (BTC) has seen $21 billion in global trade volume. The stablecoin tether (USDT) is still the dominating pair against BTC on Sunday capturing 56% of all trades. This is followed by trading pairs like the USD (15.22%), JPY (8.08%), EUR (5.13%), KRW (3.52%).
Using today’s exchange rate, BTC’s current difficulty, and an electrical cost of around $0.06 per kilowatt-hour (kWh) shows that miners are profiting considerably at this price range. Stats show that the top mining rig today is the Bitmain Antminer S19 Pro (110TH/s) which is pulling in $15.37 per day.
The S19 Pro is followed by the Microbt Whatsminer M30S++ ($15.18/day), MicroBT Whatsminer M30S+ ($12.69/day), Bitmain Antminer S19 95TH/s model ($12.00/day), and the Canaan Avalonminer 1246 ($10.38/day).
Currently, the Bitcoin network hashrate is 136 exahash per second, and there’s a total of 18 pools mining the BTC chain. The top five BTC mining pools include F2pool, Binance Pool, Antpool, Btc.com, and Viabtc. F2pool commands 20% of the hashrate or 26.32 EH/s on December 27, 2020.