Bitcoin price touches the $ 37,000 zone, the market capitalization of Crypto Economy $ 1 billion dollars

The price of bitcoin broke through the last everyday high and jumped again above the $ 37k zone to $ 37,400 per coin. The market value of the crypto asset was approximately $ 689 billion at the time of publication, as it saw $ 26 billion in trading volume worldwide. On top of that, the entire crypto-economy also surpassed the $ 1 trillion mark on Wednesday night (EST).

• Bitcoin (BTC) jumped over the $ 37k handle on Wednesday that surpassed the previous everyday high (ATH) of the cryptocurrency. At approximately 7:04 p.m. (EST), BTC touched an ATH of approximately $ 37,400 per unit.
• Bitcoin has risen 8.5% over the past 24 hours, up 27% over the past seven days, up 91% for the month and 235% over the 90 days. BTC has also been more than 350% higher than the US dollar over the past 12 months.

• Although the price of BTC is so high, the Bitcoin dominance index is a little lower. The benchmark shows that bitcoin’s market dominance compared to all the other cryptocurrencies that exist is around 68.5%, after being higher than 70% for a while.
• The Bitcoin network hashrate has also skyrocketed over the past 24 hours, as miners dedicate 162 exahash per second (EH / s) to the BTC network. There are about 19 hash rates with hashrate targeted on the blockchain and F2pool leads the package.
• The pools that F2pool follows include operations such as Huobi Pro, Binance Pool, Antpool and Btc.com.

• Bitcoin Depot CEO Brandon Mintz told news.Bitcoin.com that BTC’s scarcity is raising demand. “The scarcity of BTC compared to the printability of dollars is likely to attract smart people who want to diversify their assets in the event of a decline in the traditional financial system,” Mintz said. “As the adoption rate of BTC increases and supply remains constant, the value of BTC will only continue to rise.”
• While BTC crossed a new ATH, digital assets such as ETH, ADA, BCH, LINK and XLM all saw percentage gains between 8% and 70%. Ethereum’s market capitalization of about $ 138 billion is partly why BTC’s dominance fell by a few percent.
• Currently, the total market capitalization of all 7,500 crypto assets is approximately $ 1,000,395,709,742 according to exchange data.

For more live crypto market actions, check out the real-time exchange statistics at markets.Bitcoin.com.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitcoin Wisdom, Markets.Bitcoin.com