Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017's Bull Run

• The entire cryptocurrency economy has spiked in value considerably and on Monday, November 30, 2020, as there’s over $34 billion in global trade volume. Moreover, out of the 7,500+ crypto-assets in existence, the market valuation is hovering well above the $547 billion zone.
• Bitcoin ( BTC) prices have touched a lifetime all-time high surpassing $19,666 per unit (Bitstamp ATH) on Monday, November 30, 2020, by reaching $19,864. The crypto asset is up over 8% during the last 24 hours, 5% for the week, and over 40% during the last 30 days.

• Despite BTC’s price lift, the coin’s dominance index ( market cap value measured against the entire valuation of all crypto markets) remains at 63% today. Bitcoin’s dominance index has not increased higher, because numerous altcoins have seen massive gains during the last 48 hours.
• At a current price of over $19,500 per unit, bitcoin’s market cap today is hovering at around $362 billion. BTC’s market cap is larger than each of the world’s four largest banks; JPMorgan Chase USA, ICBC China, BAC USA, and CCB China.
• BTC’s SHA256 hashrate (processing power) is coasting along at 130 exahash per second (EH/s) and there are 17 mining pools pointing hashrate at the network. Mining on the bitcoin ( BTC) is difficult today as the difficulty metric is 19.16 trillion but in 13 days, it’s expected to increase to over 20 trillion.
• Bitcoin’s issuance rate or inflation rate has dropped considerably since the third block reward halving this past May. Back then the inflation rate was hovering at around 3.6 to 3.8% and on Tuesday in late November, the inflation rate is now 2.69% and continues to shrink.

• “The narrative of bitcoin as a safe alternative to traditional finances is being established without a doubt,” Vijay Ayyar, Head of Asia Pacific & Luno Exchange at Luno told news. Bitcoin.com. “ Gold is starting to become less relevant especially for the younger population and investors and this shift from Gold to bitcoin has just begun.”

• The second-largest blockchain, in terms of market cap, ethereum has increased a great deal in value during the last week. Ether is trading between $590 to $600 per ETH and the crypto asset is up 0.54% this week and 58% for the last 30 days. Ethereum’s market valuation on November 30 is roughly $67 billion.
• The third position held by XRP has seen a jump of over 8% during the last week. XRP is currently swapping for $0.64 per unit and 30-day stats show XRP has climbed over 94% to get to its current position. XRP’s moves have managed to push tether ( USDT) down a notch to the fourth-largest position.
• The fifth-largest blockchain, in terms of market cap, belongs to bitcoin cash ( BCH) on Monday, November 30. BCH has a liquid market cap of over $5.5 billion and each coin is trading between $290 to $301 per unit. Bitcoin cash prices are still down over 5% during the last seven days and just above 16% for the last 30 days.
• At the time of publication, bitcoin ( BTC) has slipped back some after touching the high on Monday and is currently swapping for $19,500 per coin. A second attempt to break the $20k price zone could very well be in the cards later today.

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