On the morning of Saturday, the bitcoin price has crossed an all-time high, increasing above $31K/coin. At 8:43 a.m. the value of BTC reached $31,417/unit with a trading volume globally of around $12 billion. Bitcoin has crossed the price zone of $31K and has gotten very near to the range of $32K.
At 8:43 a.m. this crypto asset spiked and reached $31,417/BTC which is an all-time high for the cryptocurrency. BTC has increased by 5% in the past 24 hours, around 15% in the week, around 58% in the past month, and around 187% in the span of 90 days. Over the time of the past 12 months, BTC has gained around 315% against the American dollar.
Future Of Bitcoin Investment
The hash rate of this crypto asset on the morning of Saturday is hovering roughly 135 exahash/second with eighteen mining pools constantly dedicating hash inside the BTC blockchain. F2pool, mining operation captures around 18 percent of all the hash rate which is around 26.31 exahash/second. Many crypto supporters have celebrated the new rise in the price of bitcoin. After crossing $30K, Holger Zschaepitz, market maniac, said that Bitcoin for the 1st time crossed $30K just seventeen days after it crossed $20K.
One individual wrote that BTC crossing $30K is obviously a solid path for starting the year. Many bitcoiners believe that the BTC price will climb higher than $30K. Phil Geiger tweeted not to sell one’s sats to institutional investors at only $30K. They have larger resources than most people and have the capability of paying somebody $200K for one bitcoin. Willy Woo, an on-chain researcher has said that people shouldn’t get stressed investing in BTC at this small price because this price has the capability of reaching $300K. Woo also tweeted that if anybody is looking for entering in long-term HODL BTC then one shouldn’t dime and nickel an entry.
