How to buy ethereum UK
On February 9th, 2011, BTC reached a value of USD$1.00 for the first time ever. A few months later, in June, the price of one Bitcoin hit $10, then $30 on Mt. Gox. This represented a 100x appreciation since the beginning of the year, when the price of Bitcoin hovered around $0.30. Cryptocurrency trading The current market cap of Bitcoin is $583.33B. A high market capitalization implies that the asset is highly valued by the market.
In February 2011, BTC’s price reached parity with the U.S dollar for the first time. The milestone encouraged new investors into the market, and over the next four months, bitcoin’s price continued to rise – peaking at over $30. Want Streaming Chart Updates? The Bitcoin ‘halving’ just took place, an event that happens roughly every four years. Essentially, the reward Bitcoin miners receive for validating transactions gets cut in half. This curtails the number of new Bitcoins in circulation, usually sparking a price rally. Data shows the price surges after previous halvings – let’s watch this space.