Bitcoin skyrockets past $13,000 as frenzy grips crypto market

The value of the world’s hottest cryptocurrency hit a 17-month excessive on Wednesday, with bitcoin surging above $12,900. The digital foreign money is already up 40 p.c this month.

Data from CoinMarketCap reveals bitcoin has surpassed 60 p.c market dominance for the primary time since April 2017, with a capitalization of $226 billion. The cryptocurrency’s year-to-year efficiency is up by greater than 250 p.c, based on Messari.io.

The value of the world’s hottest cryptocurrency hit a 17-month excessive on Wednesday, with bitcoin surging above $12,900. The digital foreign money is already up 40 p.c this month.

Data from CoinMarketCap reveals bitcoin has surpassed 60 p.c market dominance for the primary time since April 2017, with a capitalization of $226 billion. The cryptocurrency’s year-to-year efficiency is up by greater than 250 p.c, based on Messari.io.

According to the analyst, it took seven to 14 days for the cryptocurrency to achieve the file determine of $20,000 when it was final at $11,800. He, nonetheless, cautioned that his short-term prediction is predicated on the idea that bitcoin maintains its present parabolic trajectory.

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