Bitcoin reached a total market capitalization of US$ 632 billion.
Bitcoin (again) broke another record price and traded above $34,000 this Sunday morning. In Brazil, the digital asset surpassed R$ 180,000 for the first time in history.
In the last 24 hours the digital asset has appreciated 11%. On January 1, the currency was worth US$ 29,000, 3 days later it was traded for US$ 34,100. A valuation of US$ 5,000 in less than a week.
In the last 7 days alone Bitcoin appreciated by 30%. Last year the increase was over 300%.
The infinite high, as it has been called, may have been catalyzed Bitcoin Bonanza at Coinbase, the largest cryptomorphic brokerage house in the United States.
More than 12,000 Bitcoins were withdrawn from the brokerage in the last two days alone, an indicator that some institutional investor may potentially be buying the digital currency.
In addition, the number of bitcoins being sold for less than $100,000 has fallen considerably in Coinbase. Most sales orders are being placed above the price of 100,000.
With the increase, Bitcoin has reached total market capitalization of $632 billion. The crypto market reached $881 billion, leaving Bitcoin with a dominance of 72%.
With the exception of XRP, all top 10 cryptomoks in the market are up to double digits.
The moment is one of happiness and sadness. Those who bought the digital asset in the past celebrate on social networks, but those who didn’t regret the decision.