Bitcoin Breaks Past $18,000 As Rally Continues

The price of Bitcoin (BTC) hit $ 18,000 today, up 5% over the past 24 hours. Overall, the weekly rate rose 0.74% and ended the week in a slightly better place than it did at the beginning.

At around $ 18,000, Bitcoin is in a less stormy place than it was at the beginning of the week. On Thursday, November 26th, the world’s largest cryptocurrency collapsed (for various reasons) when the coin lost $ 3,000 in value in a single day.

The falling price of bitcoin led to a sell-off the next day as the number of wholecoiner addresses with at least one whole bitcoin fell by nearly 1,000, as reported by Decrypt.

Today’s compensation is the continuation of a rally that began on Friday as the price rose from lows of $ 16,700 to $ 17,180 on Friday at midnight UTC.

The real spectacle lies in the monthly price development; Bitcoin rose from $ 10,500 to nearly $ 20,000 between October and late November.

Bitcoin’s 24-hour trading volume was $ 36.218 billion today, up 8.1% from $ 33.390 billion yesterday.

The global market cap for crypto has reached $ 537 billion, up 5% in the last 24 hours. Bitcoin accounts for $ 335 billion of global market capitalization, or 62%.

Other cryptos in the top 3 are also on the rise, and in fact better than Bitcoin. The price of Ethereum hit $ 551, which is a 6% daily increase and a 5.40% weekly increase.

XRP continues to ride on the wave of the market rally, hitting $ 0.61 today, up 9.46% over the past 24 hours. The XRP rose 44.34% this week.

As of 13:35 UTC, the price of Bitcoin remains at around $ 18,000.

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