Bitcoin trading over $67,500 for the first time ever in the history
On 9th November 2021, World's largest cryptocurrency made history by making a new all time high of $67,500. Now experts are eyeing on the new milestone of $75,000 - $86000 in coming months. If we look at the rally of 2013 and 2017, the 2nd week of November was good for bitcoin and we have seen green weekly candles in both the years. At the time of writing, Bitcoin price was trading at $67,570.
Last year on 12 March 2020, Crypto market faced a major crash due to the covid 19 pandemic and uncertainty of the future. Bitcoin came down more than 38% in a single day. Things changed in the crypto world and now bitcoin has grown to $66000 from $4500 last year with around 15 times returns and the same experiences people are sharing on social media platforms.
Bitcoin market cap hits $1.3 trillion, sharing over 43.6% of all the total crypto market cap and surpassing big companies like Tesla, Meta( Facebook), Visa, Bank of America, Alibaba, P&G etc. and ranked 8th on the world's total assets market cap, according to the companiesmarketcap.
In 2021, Bitcoin has given more than 100% return. Many factors contributed to this rally but few major factors played the key role like bitcoin ETF launched in October 2021, increasing institutions interest and accumulation by many big companies like MicroStrategy and short supply on cryptocurrencies exchanges. #Bitcoin #BTC #AllTimeHigh