Bitcoin exceeds its historical maximum, surpassing $ 5200 per unit

in #bitcoin8 years ago

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Today Bitcoin has passed the mark of its last historical maximum price to be worth more than $ 5,222.46 per unit, currently standing at $ 5,205 during the course of this morning. Following this, the total cryptoactive market continues to revalue reaching $ 161 billion. The dominance of Bitcoin in the same continues to increase reaching 53.5%. These increases could be due to the effect of the next bifurcations and a more positive market sentiment towards Bitcoin.

With this new brand, the first criptomoneda reaches a market capitalization of more than $ 86 billion and has presented a volume of movement of up to $ 2 billion in the last 24 hours, according to CoinMarketCap, which represents a greater increase 8% and in progress at the time of writing this article.

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Maximum historical value of Bitcoin. Source: CoinMarketCap

The five exchange houses that are mobilizing greater volumes of transactions, more than 35% of the market, are Bitfinex, Bithumb, bitFlyer, Bitstamp and GDAX. The largest movements of funds appear to be taking place in the BTC / USD pairs, followed by BTC / KRW (Korean won) and BTC / JPY (Japanese yen), respectively.

With this increase in Bitcoin, the total market for the capitalization of crypto-assets registered by CoinMarketCap has also been revalued, which has not reached its historical peak but has a marked tendency to reach it again. In 24 hours, the total market revalued by 4.5% and Bitcoin's influence in this increase is remarkable when the total market without Bitcoin is valued at $ 75 billion, out of the $ 161 billion currently owned by all the cryptoactives along with Bitcoin, marking its clear dominance of more than 53%.

The rest of the cryptoactives present an undefined behavior, since in occasions prior to a strong rise in the value of Bitcoin generally depreciate in value, but today does not seem to be the case. On this occasion, among the 50 most valuable digital assets GAS, SALT and Walton are devaluating more than 10%. The rest have a behavior with little movement either down or up, so you could say that the funds do not come from the cryptoactive, but come from fiduciary money that is entering the Bitcoin market.

This behavior could be caused by the next bifurcations that are likely to happen as Bitcoin Gold and Segwit2X, from which new chains will be born with the same amounts of Bitcoin in them. It could also be due to a general change in the market sentiment towards Bitcoin and the criptomonedas, which could be seen in announcements such as that recently made by Russian President Vladimir Putin, where he points out the opportunities that can open to different sectors but properly regulated and the passing of the effect of the past news of China, as well as, of bankers who declared it a fraud.

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The real question is why is steem not going up?

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