On December 17, the price of one bitcoin price again renewed its
11+11
— jack (@jack) December 17, 2020
In just a day, Bitcoin broke through $20,000 and $21,000. After the breakthrough of $20,000, news media around the world reported on Bitcoin. The rally was even talked about on the Chinese state television channel CCTV with an audience of 1 billion people.
CCTV just reported on #Bitcoin’s new ATH to 1 billion Chinese viewers. Bullish. ? pic.twitter.com/5onUKq3f86
— Samson Mow (@Excellion) December 17, 2020
As a result, expectations for the
At the time of writing, Bitcoin price on Bitstamp is trading above $22,800 at 9:02 GMT.
Against the background of growth, the number of Bitcoin addresses with coins of $1 million or more has reached an absolute maximum. After breaking the $20,000 mark, the addresses of all early miners who mined only 50 BTC became millionaires.
The number of #Bitcoin addresses holding at least $1M USD has gone parabolic.
It increased +150% to 66540 addresses.
Why?$BTC crossing $20k has turned all early miner addresses (50 BTC block rewards, unspent or lost) into millionaire addresses.
Chart: https://t.co/Fh63ST4nph pic.twitter.com/dCoRjn2w3p
— glassnode (@glassnode) December 17, 2020
Is $30,000 now possible?
According to some crypto enthusiasts, Bitcoin bulls now target the $30,000 mark as the market runs in fear of missing out (FOMO) and retail buyers jumping in.
Speaking with Bloomberg, Antoni Trenchev,
We have a new line in the sand and the focus shifts to the next round number of $30,000.
Earlier this year, Alex Mashinsky, the CEO of the crypto lending platform Celcius Network, said he believes that the leading digital asset could reach as high as $30,000 by 2021.
I think that Bitcoin ends the year with a new high. I estimated $30,000 but it’s going to be somewhere between $20,000 and $30,000.
However, the new highs above these levels are unknown areas and there is no upside resistance line in the history of cryptocurrencies. On the other hand, there is a risk of a sharp drop due to large
Altcoins follow Bitcoin bull rally
Ethereum set a new maximum since 2018 — above $650. Market capitalization has exceeded $640 billion. The open interest (OI) for altcoins in the futures market also increased. The growth leaders were Ethereum and Litecoin.
Tremendous increase in OI on $ETH and $LTC in terms of both value & percentage change.#Ethereum #Litecoinhttps://t.co/yRiPwDnGLV pic.twitter.com/DgCArSESO9
— ViewBase (@viewbasecom) December 17, 2020
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