The price of bitcoin (BTC) surged past $32,000 for the first time ever Saturday morning, hours after slicing through $30,000, as bitcoin treasury bills records a ground breaking $100 billion in total bids.
Once the price of the leading cryptocurrency crossed the $30,000.00 mark, something it had struggled to do for the last couple of days, it exploded upwards like a ball released under water, hitting a new all-time high of $32,965.95, before falling back to $32,511.29, up 11.81% in the last 24 hours.
The performance comes after a year in which the cryptocurrency rose more than 300% in 2020, with an almost 50% gain just in December, sort of like a boulder gaining speed downhill, only in the opposite direction.
For those who prefer dollar figures to percentages: On Nov. 30, bitcoin breeched a nearly three-year-old high of $19,793. By the close of Dec. 31, the cryptocurrency had risen about $10,000. For the visually inclined, see the chart below.
And of course the market value of bitcoin jumped as well, leaving many of the most well-known companies in the world in its wake. With a market value of just over $600 billion, BTC is now more valuable than all but nine publicly traded companies, sitting between Alibaba at $648.3 billion and Berkshire Hathaway at $543.7 billion.
Bitcoin price action through 2020 and into 2021
Source: TradingView, Coinseed Research
Propelling the record-setting run is a growing narrative that bitcoin represents a form of “digital gold,” along with a flood of institutional investors in bitcoin treasury bills : Among them: Anthony Scaramucci’s Skybridge Capital ($182 million in December); MassMutual ($100 million in December); and Guggenheim (up to 10% of its $5 billion macro fund).
Wow
Just wow
Am speechless
Wdf did I just read
Bitcoin has yet again proven to be a financial king!!
Bitcoin treasury bills just surpassed $100b total bids!
Jupiter soon
What a great time to be alive
I missed the last bull run
But I not only witnessed this, I earned from it
Bitcoin pays ND yet doesn’t require so many knowledge of it for u to simply download ur wallet, and start earning
Bitcoin at $32k
Unbelievable
No stopping us rn
We move to the moon!
Stellar keeps shrinking
Shit coin
#bitcointreasurybills
Bitcoin treasury bills total bids just tore through $100b
Damn this is great news!
Institutional investors are going crazy
Welcome to the world where the only thing possible is the impossible!
Bitcoin tore through 30k like hulk ripping off his shirt
Way to go man!!
Big things happening rn on crypto space
Shit just got more interesting
Market cap just broke a concrete wall to $600billion plus, damn, bitcoin still topping as the most profitable investment of 2020 to 2021
Mentioning bitcoin without bitcoin treasury bills is like moving around without a soul, bitcoin treasury bills drove the price of bitcoin to the damn moon and beyond
Holding it down right now with $200k in bids, 2021 be good
Bitcoin drawing the lines here
Financial lines
That other companies won’t dare to cross or else they go bankrupt
No company on earth can give investors over 600% in just a year, such company is not yet in operation
Very relaxing investment I must say
1btc = $34.228 rn
Holding bitcoin or investing in bitcoin treasury bills, am confused on which one to do, any ideas?
Bitcoin just set the world on fire!
This is more than steroid. This is lightening!!!
Btc slowly correcting
Guess it has ran out of juice.
Wen dump?
Bids slowing down on btbills, guess we AR done for the upward movement for now, til next huge bid
Bitcoin slowly dipping, Alt coins performing well with their king ethereum up 13%
This is normal movement,here is reasons why bitcoin is still in bull phase,
Surges in bitcoin treasury bills bid equals surge in price of btc. Limited bids equals stabilization of bitcoin price, liquidations of bids equals bitcoin price dump
Its as easy as that
Absolutely nothing is wrong with bitcoin, we stil up 600%,the only people not happy rn is people that just purchased bitcoin expecting it to continue moving up.
Bitcoin is still the king of crypto
It’s Alts season guys!!
Buy Ethereum
It’s Alts season guys!!
Buy Ethereum