Bitcoin holds at $18.000 USD, marking new highs for the cryptocurrency and digital markets. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 This has been a week of great emotions in Bitcoin, with the cryptocurrency The market is now queen, surpassing $18.000 USD per unit. Now, although there is a strong bullish sentiment in the space and traders and analysts are even expecting a new high for this 2020 that will even surpass its historical maximum of $20.000 USD, it is also true that this is an upward trend that will soon be corrected, to establish a more modest price for Bitcoin (BTC). However, it is still great news for users and investors.
The arrival of BTC at this new value is making the crypto market reach new highs. At the time of writing this news, Bitcoin is hovering around $18.197 USD and has a market capitalization of more than $337 billion, well above its all-time high seen in 2017 and also surpassing the capitalization of several well-known companies, such as Nvidia. In addition, its trading volume doubled compared to this week, now standing at $41,3 billion per day. Likewise, the market capitalization of cryptocurrencies surpassed $500.000 billion, marking a new all-time high with a total value of $XNUMX billion. $507.035.026.095 USD At the time of this writing, Bitcoin's dominance in the markets also grew, reaching almost 67%.
Source: CoinGecko
📍 Although the rise in Bitcoin prices has an impact on other cryptocurrencies, such as Ethereum (ETH), its growth has been more modest during the bullish rally that began in October. Traders and analysts of this crypto expect ETH to reach a new high at the end of this 2020 of $600 USD, and even $650 USD, although to date it has not managed to break the $500 USD level. At the time of this edition, ETH has a value of $479,4 USD and almost hit $500 USD at midnight on November 17th; however, it has not surpassed $496 USD until now.
Even though ETH's value rise is lagging behind BTC's, investors have good reasons to look at this cryptocurrency. For example, the launch of ETH 2.0 planned for early December and the renewed interest in decentralized finance ecosystems (DeFi), which also surpassed its all-time high when it reached 13 billion of dollars in liquidity.
📍 On the other hand, despite the fact that the crypto community is celebrating the bullish rally of Bitcoin, global searches for this cryptocurrency on Google Trends have not grown compared to the previous week and the rally seen in 2017. The Google tool shows an interest of 75 points between November 8 and 14, while this week it shows a score of 66. During the 2017 frenzy, search interest for BTC was between 100 and 110 points. The region where Bitcoin searches continue to dominate is Africa, in countries such as Nigeria and South Africa.
📍 Ricardo salinas, the multimillionaire businessman who loves innovation and technology, shared a video on his Twitter account where he shows how fiat money or bank paper money «it's worthless» in some economies. Salinas revealed himself as a Bitcoiner who keeps at least 10% of his assets invested in this cryptocurrency, ensuring that "It is always good to diversify our investment portfolio" and that Bitcoin protects citizens from the nefarious actions of governments.
Salinas has a net worth of $13,2 billion. On the other hand, in the survey conducted by Maisie Williams On November 16, the Twitter community voted 46,6% in favor of the actress buying Bitcoin, and 53% against this decision. However, the popular «Arya Stark» claimed that he bought some BTC anyway.
📍 The bullish rally is also calling for new users and investors and GlassNode is proof of this. In just one hour on November 18, 24.807 new Bitcoin addresses were created, which represents the highest number of addresses created in such a short period of time since January 2018.
📍 An initiative called Taproot Activation, leadered by Alejandro de la Torre from Poolin (the second mining pool Bitcoin's largest), invites the heads of other mining pools to participate in a survey on tap root. The survey seeks to find out your opinions on enabling this important feature in the Bitcoin protocol, which promises to improve the privacy of the network and Bitcoin's ability to enable the creation of smart contracts complex.
Continue reading: Spanish banks begin new proof of concept in Red-i promoted by Iberpay
