In fact according to the data reported on CoinMarketCap, new all-time highs have been recorded in the last three days.
After reaching $24,200 for the first time in its history, on December 20, the price seemed to have settled in a range that went from $22,000 to $24,000, but on Christmas Day a new rapid and powerful rise began.
On December 25, a new all-time high was touched at $24,700, surpassed the next day by a new all-time high at $26,700.
Yesterday, Sunday, December 27, 2020, the symbolic wall of $27,000 was also knocked down, recording a new all-time high even above $28,200.
Therefore, it was an increase of almost 20% in three days, followed by a rebound towards $27,000.
Compared to the beginning of the month, when the price was at $19,600, the increase in value was more than 40%, and compared to the beginning of November it is more than 100%.
That is, in less than two months the price of bitcoin has more than doubled, while compared to a year ago it has more than tripled.
Bitcoin, the record price makes the market cap fly too
Among other things, in these days another psychological barrier has been broken down, namely that of half a trillion dollars of market capitalization.
In fact, bitcoin’s market cap is currently over 500 billion dollars, which is not much lower than that of Facebook and Alibaba, in line with that of Tencent, higher than that of Warren Buffett’s Berkshire Hathaway, and much higher than that of companies like Visa, Walmart or Nestlé.
Note, however, that other cryptocurrencies have also shown significant growth in value over the past week, although not at all-time highs.
In particular, Ether gained 13% in seven days, as did Litecoin, while Polkadot and Monero gained 7%.
On the contrary, XRP goes against the trend, losing almost 50% due to problems with the SEC. Bitcoin Cash and Chainlink also lose between 3% and 4%, while Cardano and Binance Coin hold up.