Close to the launch of bitcoin futures by CME Group and other exciting news, the “people’s currency” is going through the roof. While many thought that Zimbabwe enjoyed a price level of around $14,000 that is not easily attainable in other countries, today Bitcoin gained over $1,200 in just 24 hours.
Source: Coindesk
The truth is, based on the graph, there is no sign that Bitcoin is stopping any time soon. While Bitcoin is gaining new heights, the market capitalization of the digital currency has gained tremendous growth and is now at around $217 billion, the total wealth of Warren Buffet, Bill Gates and Queen Elizabeth, as reported recently by the press.B
The recent staggering increase only defied the awaited correction points, because of the huge demand and price boost in the last three weeks. However, the low today was at around $11,560, which is basically nothing compared to the total increase day after day.
As reported by CoinMarketCap and Coindesk, bitcoin has risen with 9.63% in the last 24 hours, and over 19% this past week. South Korean exchanges see the greatest trading volumes increases over the last 24 hours.
According to Coinbase, the one-year change in bitcoin’s value is +1421.64%, which means that the currency was worth around $800 last year.