The world’s largest cryptocurrency, Bitcoin, has crossed the $50,000 mark again after a rough month of September, where its price nose dived a $40,000 low.
According to data from Coin Gecko, Bitcoin has increased in value by %5 in the last 24 hours to breach the psychological $50,000 barrier.
Bitcoin fell to the $40,000 mark the same day El Salvador officially made history by making Bitcoin a legal tender on September 7, 2021.
Ever since then, Bitcoin has been up and down the $40,000 mark. However, Bitcoin miners were not as badly hit by the price volatility as holders as Bitcoin mining revenues cross $40 Million per day level.
In the last 24 hours, bitcoin is up by 5.07%, with a current price of $49,924.11 as at the time of writing this. Within 24 hours, bitcoin dropped to $46,937.62 low and $50,361.60 high. The trading volume of bitcoin in the last 24 hours is $1.41B. The current market capitalization of bitcoin is $939.80B. Currently, $18.83M bitcoins is in circulation.
Stats and Image from Coin Desk
Also, According to data from the New York Digital Investment Group (NYDIG), Bitcoin has officially become the world’s best-performing asset class of 2021, outperforming stocks and commodities with year-to-date returns of 49.1%.
“After the strong Q3 performance #Bitcoin is now up +49.1% year-to-date. The best performing asset class of 2021,” @Bitcoin Twitter handle posted.
Despite a rough year and increasing attack by regulators, most recently China, achieving these feet indicates that investors have solid trust in Bitcoin.