In the last 15 months, Bitcoin’s price became higher than $10000 on cryptocurrency exchanges for the first time. This rate was reached at 7:35 pm Eastern time.
Related: Burger King Venezuela now accepts crypto payments
Basing on 24 hours statistics, Bitcoin is bypassing top 10 cryptocurrencies with 7% gains. A 12% hike of trading volumes brought to this price increase. There were over $21 billion worth Bitcoins purchased in the last 24 hours.
Comparing to a quarter statistics, it’s obvious that BTC is up more than 130% to date.
Some observers suppose that Bitcoin may proceed to raise as the cryptocurrency is going to have a mining reward halving in May 2020.
This process is created to control inflation by decreasing the reward for mining on bitcoin’s blockchain is redone every 4 years and brings a supply shortage with it.
The expected reward halving may leave a significant supply shortage if Facebook’s Libra ends up expanding bitcoin’s demand and adoption rate.
Track Bitcoin's price changes in our "Price Indexes" section.