Bitcoin's on a Roll! The Price Hits $23.000.

by in Cryptocurrency News

BTC above $22.000

Bitcoin continues showing strong bullish signs. Just a few hours later after surging $20000 it records a new all-time high surpassing $23.000. At the moment the cryptocurrency trades above $22.700. The price increased over 12% in a day.

Related: BTC Reached Its New All-Time High

Analysts predict the rise will continue.

BTC market cap has reached $403 B taking over Johnson & Johnson as the 13th-biggest asset. It is almost as valuable as Walmart, the market cap of which is $411 B.

This would be the largest market cap in Bitcoin’s history, and it's time when everyone who owns it, benefited hugely.

The reasons for the growth are various: dollar index fall, institutional investments, and also BTC halving. Halving indicates the number of coins that miners receive for adding new transactions to the blockchain divided into two. This will lessen from 12.5 bitcoin to 6.25 and will halve again every 210,000 blocks until the last bitcoin is mined in 2140. The recent halving took place on May 12, 2020.